Jack's by the Tracks What Effect Will the Unrealized Gain on Available for Sales

question 185

Multiple Choice

Jack's by the Tracks. has the following partial balance sheet: JACK'S BY THE TRACKS.
Balance Sheet (partial) $\begin{array}{lr}\text { Stockholders' Equity. }\\\text { Common Stock } & \$ 6,000,000 \\\text { Retained Earnings } & 2,000,000 \\\text { Total Paid-in capital and retained earnings } & 8,000,000 \\\text { Add: Unrealized gain on available-for-sale securities } & 800,000\\\text { Total Stockholders' Equity. }&\$8,800,000\end{array}$ What effect will the unrealized gain on available for sales securities have on comprehensive income?

• A) No effect on comprehensive income.
• B) Increase of $800,000 in comprehensive income.
• C) Increase of $8,800,000 in comprehensive income.
• D) Decrease of $800,000 in comprehensive income.

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Definitions:

Assertiveness

Acting in one’s own best interests by expressing one’s thoughts and feelings directly and honestly.

Assertive Communication

A style of communication in which individuals express their own needs, desires, ideas, and feelings in a clear, direct, and respectful way.

Assertive People

Individuals who confidently express their opinions and needs directly and respectfully.

Aggressive People

Individuals who exhibit behaviors that are forceful, hostile, or attacking in nature, often with the aim to dominate or control others.