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When Dealing with Gains and Losses on Trading Securities

Question 40

Multiple Choice

When dealing with gains and losses on trading securities:


A) the word "realized" must be used in the account title.
B) unrealized gains and losses must be labeled "unrealized."
C) unrealized gains go on the balance sheet and realized gains go on the income statement.
D) unrealized losses and realized losses are both part of other expenses on the income statement.

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