The Account Unrealized Gain on Trading Investments Should Be Included

question 56

Multiple Choice

The account Unrealized Gain on Trading Investments should be included on the

• A) income statement as other revenue (expense)
• B) balance sheet as an adjustment to the asset account
• C) balance sheet as an adjustment to stockholders' equity
• D) statement of stockholder's equity

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Definitions:

Marginal Cost

The boost in comprehensive expenditure that comes from the generation of one more unit of a product or service.

Socially Efficient

A situation in which an allocation of resources maximizes total social welfare, taking into account both the benefits and costs to society as a whole.

Marginal Costs

The increase in cost due to the production of an extra unit of a product or service.

Movie Theatres

Venues equipped with a screen for exhibiting films to audiences, providing a range of visual and auditory experiences.