In preparing the consolidated financial statements of the group controlled by Portia Ltd for the year ended 30 June 20X6,a fair value gain on available-for-sale financial assets would appear:

A) in the consolidated statement of changes in equity.
B) on the consolidated balance sheet.
C) in the consolidated statement of comprehensive income.
D) only in the notes to the consolidated financial statements.

Fair Value Gain

Positive changes in the fair market value of investments or assets, reflecting increased worth.

Available-for-sale Financial Assets

Financial assets not classified as held for trading, held to maturity, or loans and receivables, and are thus measured at fair value with changes recognized in other comprehensive income.

Consolidated Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as a single economic entity.