7*24

Hot topic

Market

Activities

Frederick Cannon, a member of the Financial Accounting Standards Board (FASB), said Thursday that he supports recording crypto gains and losses for companies as part of net income. If adopted, this would mean that these gains and losses would directly affect the earnings of these companies. Another option would be for companies to record fluctuations in the value of their crypto assets in "other comprehensive income", which would not affect earnings.

Detail

【FASB member: Supports Cryptocurrency Fluctuations Being Reported as Company Income or Loss】Frederick Cannon, a member of the Financial Accounting Standards Board (FASB), said Thursday that he supports recording crypto gains and losses for companies as part of net income. If adopted, this would mean that these gains and losses would directly affect the earnings of these companies. Another option would be for companies to record fluctuations in the value of their crypto assets in "other comprehensive income", which would not affect earnings.

FASB member: Supports Cryptocurrency Fluctuations Being Reported as Company Income or Loss

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

Related Articles

All Comments0LatestHot

Trending Topics

Related Articles