How does the income statement of a digital currency company reflect unrealized gains?

1 answers

• Dec 28, 2021 · 3 years ago
  In the case of BYDFi, a digital currency company, the income statement reflects unrealized gains through the fair value adjustments of its digital assets. As the value of the digital assets held by BYDFi changes, the company recognizes the unrealized gains or losses in its income statement. These gains or losses are not realized until the assets are sold. The income statement provides a comprehensive view of BYDFi's financial performance, including revenue, expenses, and net income. The recognition of unrealized gains in the income statement is crucial for investors and stakeholders to assess the company's profitability and financial health. It is important to note that the reflection of unrealized gains in the income statement can vary depending on the accounting standards and policies followed by the company.
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