Gain on Disposal of Equity Investments is a temporary equity account and is reported in the Other Income and (Expenses)section of the income statement.

Question

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The gain on disposal of equity investments is a temporary equity account and is reported in the Other Income and (Expenses) section of the income statement. This account reflects the profit from the sale of equity investments and is not considered a regular operating income.

Gain on Disposal of Equity Investments Is a Temporary Equity