Unrealized Gains or Losses on Available-For-Sale Securities Are Reported Where

question 83

Multiple Choice

Unrealized gains or losses on available-for-sale securities are reported where in the financial statements?

• A) Nowhere since only realized gains are reported.
• B) In the "Other revenues and gains" or "Other expenses and losses" sections of the income statement.
• C) Below discontinued operations items in the income statement.
• D) In the stockholders' equity section of the balance sheet.

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Definitions:

Government Enactments

Laws, regulations, or legal provisions that have been officially passed or approved by a governmental body.

Legislative Branch

The branch of government responsible for making laws, often composed of a parliament or a similar legislative body.

Charter Rights

Rights and freedoms that are guaranteed under the Canadian Charter of Rights and Freedoms, including freedom of expression, right to a fair trial, and protection against discrimination.

Legal Excuse

A legally valid justification for an act that would otherwise be considered illegal, relieving the actor from liability.