Unrealized Gains and Losses from the Revaluation of Certain Types

question 27

Multiple Choice

Unrealized gains and losses from the revaluation of certain types of investments to fair value would be reported on

• A)the income statement.
• B)the statement of financial position.
• C)the statement of changes in shareholders' equity.
• D)the comprehensive income statement.

---

Definitions:

Vietnamese Leader

A general term that could refer to a prominent figure in Vietnam's political or historical context, such as Ho Chi Minh or Lê Duẩn.

Chief Justice

The presiding judge in the supreme court of many countries, or the principal judge of a particular court.

Conservative Economist

An economist whose work typically emphasizes free market policies, limited government intervention, and fiscal conservatism as means to achieve economic growth and stability.

Truman Doctrine

President Harry S. Truman’s program announced in 1947 of aid to European countries—particularly Greece and Turkey—threatened by communism.