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.

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Definitions:

Spouses

Legal partners in marriage, who may share responsibilities and privileges including financial, social, and emotional support.

Group Size

The number of individuals forming a social or working group, which can influence dynamics and outcomes.

Refreshments

Light snacks or drinks provided in social gatherings, meetings, or events for participants or guests.

Closed Groups

Refer to a fixed membership group where no new members can join once the group has started, often used in therapeutic and workshop settings.