Grand Prairie Company Had an Unrealized Gain on Their Available-For-Sale

question 3

Multiple Choice

Grand Prairie Company had an unrealized gain on their available-for-sale assets from changes in the market price of the securities.This gain was not included in their net income for the year.Where would it be included in the shareholders' equity section?

• A)In retained earnings
• B)In accumulated comprehensive income
• C)In contributed surplus
• D)It is not included in the shareholders' equity section.

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Definitions:

Customization

Making products to meet a particular customer’s needs or wants.