If a Stock Investment Is Sold at a Gain, the Gain

question 87

Multiple Choice

If a 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 Revenue and Gain section of the income statement.
• D) contributes to gross profit on the income statement.