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

question 155

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 in the stockholders' equity section.
• D) not be shown on the financial statements until the securities are sold.

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