The Unrealized Gain on Investment in Available-For-Sale Securities Is Reported

question 75

Multiple Choice

The Unrealized Gain on Investment in Available-for-Sale Securities is reported in:

• A)Other Revenues and Gains on the income statement.
• B)Other Comprehensive Income on the Statement of Comprehensive Income.
• C)Accumulated Other Comprehensive Income on the balance sheet.
• D)B and C.

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Definitions:

Proposed Expenditure

A planned or suggested outlay of money for a specific purpose, often outlined in budgets or financial plans.

Line Item

A distinct entry in a budget, financial statement, or list, representing a single charge, expenditure, or source of income.

Source of Funds

The origin of the money or capital utilized in transactions, investments, or any financial operation.

Raffle

A means of raising funds or prizes involving participants buying tickets for a chance to win.