The Account Unrealized Gain (Loss) on Trading Investments Should Be

question 164

Multiple Choice

The account Unrealized Gain (Loss) on Trading Investments should be included on the

• A) income statement as other revenue (expense)
• B) balance sheet as an adjustment to the asset account
• C) balance sheet as an adjustment to stockholders' equity
• D) statement of retained earnings

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Definitions:

Investors

Individuals or institutions that commit capital with the expectation of receiving financial returns.

Government

The system by which a community, state, or nation is governed, responsible for making and enforcing laws, managing public resources, and protecting citizen rights.

Managers

Managers are individuals in an organization responsible for directing and overseeing the work of a group of people towards achieving business goals.

Sole Proprietorship

A sole proprietorship where the business and the owner are legally considered the same entity, operated by only one person.