If a Common Stock Investment Is Sold at a Gain

question 142

Multiple Choice

If a common stock investment is sold at a gain the gain

• A) is reported as operating revenue.
• B) is reported under a special section "Discontinued investments" on the income statement.
• C) is reported in the Other revenues and gains section of the income statement.
• D) contributes to gross profit on the income statement.

---

Definitions:

Federico Fellini

An iconic Italian film director and screenwriter known for his distinctive style that blends fantasy and baroque images with earthiness.

Ingmar Bergman

A renowned Swedish director and writer known for his deeply personal and introspective films.

Hollywood Renaissance

A period in the late 1960s and early 1970s marked by a significant shift in American cinema, characterized by the production of more sophisticated and artistic films.

Horror Violence

The depiction of extreme acts of violence within the horror film genre, often used to elicit fear, disgust, or shock from the audience.