Answer
The president implies that the "gain" ought to be recorded in the books.
Work Step by Step
This item ought not be entered in the accounts, in any case, since it has not been realized.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Questions - Page 68: 23
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