A company has a long-term investment in available-for-sale securities. The Unrealized Gain on Investment in Available-for-Sale Securities is reported as:
A) Other comprehensive income in the statement of comprehensive income.
B) Other gains on the income statement.
C) a change in owners' equity that bypasses net income.
D) A and C.
Correct Answer:
Verified
Q18: For accounting purposes,the method used to account
Q57: Pansee Company had the following transactions pertaining
Q58: Unrealized gains and losses from long-term available-for-sale
Q59: If 15% of the common stock of
Q60: An investor receives a stock dividend from
Q62: The gain or loss on the sale
Q63: Which is the most reliable method for
Q64: The Allowance to Adjust Investment in Available-for-Sale
Q65: Following U.S. Generally Accepted Accounting Principles, the
Q66: How does the receipt of a stock
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents