The account Unrealized Gain (Loss) on Available-For-Sale Securities should be included in the
A) Income statement as Other Revenue (Expenses)
B) Balance sheet as an adjustment to the asset account
C) Balance sheet as an adjustment to Stockholders' Equity
D) Statement of Retained Earnings

Question

Quizplus · Accepted Answer

Unrealized gains and losses on available-for-sale securities are reported in the equity section of the balance sheet under accumulated other comprehensive income, not in the income statement or retained earnings.

The Account Unrealized Gain (Loss) on Available-For-Sale Securities Should Be