For available-for-sale equity securities,the Unrealized Loss on Long-Term Investments account should be reported as a(n)

Question

Quizplus · Accepted Answer

The Unrealized Loss on Long-Term Investments account for available-for-sale equity securities is a component of Other Comprehensive Income, which is reported as a separate item in the stockholders' equity section of the balance sheet. Therefore, choice C is the correct answer. This account is not reported as a loss item on the income statement, a prior period adjustment, or an extraordinary item on the income statement.

For Available-For-Sale Equity Securities,the Unrealized Loss on Long-Term Investments Account