Unrealized Gains or Losses on Available-For-Sale Securities Are Reported Where

question 116

Multiple Choice

Unrealized gains or losses on available-for-sale securities are reported where in the financial statements?

• A) Nowhere since only realized gains are reported.
• B) In the "Other revenues and gains" or "Other expenses and losses" sections of the income statement.
• C) Below extraordinary items in the income statement.
• D) In the stockholders' equity section of the balance sheet.

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Definitions:

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Judges appointed to the federal judiciary system in the United States, responsible for interpreting and applying federal laws and the Constitution.

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Solicitor General

The principal deputy to the U.S. Attorney General and the second-highest-ranking officer in the U.S. Department of Justice, primarily responsible for representing the federal government before the Supreme Court.