US Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg

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US Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg

This means that these gains and losses would directly hit these companies’ earnings. The other choice would be to have companies record the swings in the value of their crypto holdings in “other comprehensive income,” which wouldn’t impact earnings. www.coindesk.com

This means that these gains and losses would directly hit these companies’ earnings. The other choice would be to have companies record the swings in the value of their crypto holdings in “other comprehensive income,” which wouldn’t impact earnings.

www.coindesk.com