The Balance in the Unrealized Gain or Loss-Equity Account Will

question 113

Multiple Choice

The balance in the Unrealized Gain or Loss-Equity account will

• A)appear on the balance sheet as a contra asset.
• B)appear on the income statement under Other Expenses and Losses.
• C)appear as a deduction in the stockholders' equity section.
• D)not be shown on the financial statements until the securities are sold.

---

Definitions:

Interview

A conversation where questions are asked by the interviewer to elicit facts or statements from the interviewee.

Gratefulness

The feeling or expression of being thankful and appreciative.

Job-Search Activities

Actions and efforts undertaken by individuals to find employment, including networking, applying for jobs, attending job fairs, and preparing resumes and cover letters.

Reverse Chronological

Refers to a format or order where events or records are listed starting from the most recent going back to the oldest.