The Balance in the Unrealized Loss-Equity Account Will

question 97

Multiple Choice

The balance in the Unrealized Loss-Equity account will

• A) appear on the statement of financial position as a contra asset.
• B) appear on the income statement under Other income and expense.
• C) appear as a deduction in the equity section.
• D) not be shown on the financial statements until the securities are sold.

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Definitions:

Poisson Probability Distribution

A discrete frequency distribution which gives the probability of a number of independent events occurring in a fixed period of time or space if these events happen with a known constant mean rate and independently of the time since the last event.

Continuous Probability Distribution

A function that describes the likelihood of any outcome within a continuous range of outcomes occurring.

Poisson Distribution

A statistical distribution describing the probability of a given number of events happening in a fixed interval of time or space, assuming events occur with a constant mean rate and independently of the time since the last event.

Mean

The average of a set of numbers, calculated by dividing the sum of all the numbers by the count of numbers.