Gains (or losses)on sales of marketable securities,as well as any unrealized holding gains (or losses)on investments in available for sale securities,are reported in the income statement.

Question

Quizplus · Accepted Answer

Gains (or losses) on sales of marketable securities are reported in the income statement, but unrealized holding gains (or losses) on investments in available-for-sale securities are reported in other comprehensive income, not in the income statement.

Gains (Or Losses)on Sales of Marketable Securities,as Well as Any