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I choose A but this is wrong. They are saying the answer is B which I cant understand how Book Value doesnt increase since Comprehensive Income is part of equity and equity is book value………. Can someone help me with this…….the part of the answer they gave in relation to BV reads as follow………”Book Value was not affected, however, because the gains were recorded to equity………Isnt equity book value??? Im confused here
I choose A but this is wrong. They are saying the answer is B which I cant understand how Book Value doesnt increase since Comprehensive Income is part of equity and equity is book value………. Can someone help me with this…….the part of the answer they gave in relation to BV reads as follow………”Book Value was not affected, however, because the gains were recorded to equity………Isnt equity book value??? Im confused here