An Unrealized Holding Gain Is Reported on the Income Statement

question 105

True/False

An unrealized holding gain is reported on the income statement when the fair value of an available-for-sale security exceeds its cost.

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Definitions:

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a manual published by the American Psychiatric Association for diagnosing mental conditions.

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Axis IV

A classification used in previous versions of the Diagnostic and Statistical Manual of Mental Disorders (DSM) to identify psychosocial and environmental problems relevant to the diagnosis, treatment, and prognosis of disorders.

Personality Disorder

A type of mental disorder marked by rigid and unhealthy patterns of thinking, functioning, and behaving, which significantly impair social, work, and interpersonal functioning.