The teacher said for the trading security, we don't need to consider it because unrealised G/L is already reported on I/S. Does she mean that for trading security we dont consider impairment loss ?Or does she mean that for trading security, we need to consider impairment loss but simply just taking out the unrealised loss(90$) from Unrealised G/L and combine with 500$ to put this 590$ into impairment loss item on I/S? There is still a impairement loss item for trading security right ?
Many thanks!!
