For Available-For-Sale Equity Securities,the Unrealized Loss on Long-Term Investments Account

question 89

Multiple Choice

For available-for-sale equity securities,the Unrealized Loss on Long-Term Investments account should be reported as a(n)

• A) realized loss item on the income statement.
• B) prior period adjustment.
• C) separate item in the stockholders' equity section of the balance sheet.
• D) extraordinary item on the income statement.

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Definitions:

Badami

An historic town in Karnataka, India, known for its rock cut structural temples that date back to the 6th century, associated with the Early Chalukyan architecture.

Findspot

The exact location where an artifact was found during an archaeological excavation.

Mohenjo-daro

An archaeological site in the province of Sindh, Pakistan, representing one of the major settlements of the ancient Indus Valley Civilization, known for its advanced urban planning and architecture.

Chaitya Hall

A prayer hall in Indian Buddhism, usually carved out of rock, featuring a stupa at one end.