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:

Unconscious Process

Involves mental activities beyond conscious awareness, influencing thoughts, feelings, and behaviors.

Sensory Store

The initial, momentary storage of information, lasting only an instant.

Momentary Storage

A cognitive system responsible for temporarily holding small amounts of information for immediate processing and use.

Cognitive Architecture

Refers to the underlying structure and processes of the human mind, including how we perceive, think, understand, and remember information.