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soldi70 [24.7K]
3 years ago
10

Election of the fair value option (FVO) for financial assets Permits only for-profit entities to measure eligible items at fair

value. Requires deferral of related upfront costs. Results in recognition of unrealized gains and losses in other comprehensive income of a business entity. Results in recognition of unrealized gains and losses in earnings of a business entity.
Business
1 answer:
BaLLatris [955]3 years ago
3 0

Answer: Results in recognition of unrealized gains and losses in earnings of a business entity

Explanation:

The election of the fair value option (FVO) for financial assets results in recognition of unrealized gains and losses in earnings of a business entity. The fair value option puts into consideration the unrealized gains and losses in earning of a business for financial assets.

For example, an election date occurs when an entity recognizes an investment in equity securities with readily determinable fair values issued by another entity.

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The answer is, larger; downward.

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<h3>How do wage increases affect the demand for and supply of labor?</h3>
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<h3>What causes wage increase?</h3>
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  • An increase in the minimum wage is the most frequent justification for wage increases.
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