Which of the Following Statements Is Correct

question 114

Multiple Choice

Which of the following statements is correct?

• A)Any unrealized holding gain or loss on investments in trading securities is reported on the income statement.
• B)Any unrealized holding gain or loss on investments in available-for-sale securities is reported on the income statement.
• C)All unrealized gains and losses are reported on the income statement regardless of the method used to account for the investment.
• D)Any unrealized holding gain or loss on investments in trading securities or in available-for-sale securities is reported on the income statement.

---

Definitions:

Implicit Attitudes

Unconscious beliefs or feelings toward objects, people, or situations that influence our responses and behavior.

Explicit Attitudes

Attitudes and beliefs that are consciously recognized and expressed by individuals.

Cognitive System

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Experiential System

An information-processing system that is holistic, associative, and primarily driven by emotions and personal experiences.