An Unrealized Gain or Loss on Trading Securities Is Reported

question 108

True/False

An unrealized gain or loss on trading securities is reported as a separate component of stockholders' equity.

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Definitions:

Identification

The process of recognizing or establishing the identity of a person or thing.

Contract for Sale

A legal agreement between a buyer and seller regarding the exchange of goods, services, or property for payment or promise of payment.

Sources of Law

The origins from which laws are derived, including constitutions, statutes, regulations, and court decisions.

Sales Contracts

Legal agreements that define the terms of sale of goods or services from a seller to a buyer.