For available-for-sale equity securities,the Allowance to Adjust Long-Term Investments to Market account should be reported as a(n)
A)realized loss item on the income statement.
B)prior period adjustment.
C)contra-asset on the balance sheet.
D)other comprehensive income (loss)

Question

Quizplus · Accepted Answer

The Answer of For available-for-sale equity securities,the Allowance to Adjust Long-Term Investments to Market account should be reported as a(n)
A)realized loss item on the income statement.
B)prior period adjustment.
C)contra-asset on the balance sheet.
D)other comprehensive income (loss)

For Available-For-Sale Equity Securities,the Allowance to Adjust Long-Term Investments to Market