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Hi Guys, Happy Mother’s Day.
I have a couple of questions about the unrealized losses and gains. As you know, normally it will be calculated and recorded by the system but currently, I have to manually calculate and book them so I need some help here.
Loan principal unrealized Losses–we have several foreign currency loans on our book and have been booked unrealized in 2014. But by the end of 2014, those loan were transferred to another entity’s book and I have already recorded the unrealized on another entity’s book for 2015 Q1. For some reason, I was told that the unrealized in 2014 would stay in the original entity book. If it is the case, shall I do anything for it in Q1 2015?
My another question is about the P&L. How can I record the reval for P&L.
Thanks!!
AUD-73, 73, 73, 79!!
BEC-77!
FAR-60, 83!
REG-66, 72, 75!MA CPA license
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