The Gain on Disposal from Trading Securities Is A(n)________

question 128

Multiple Choice

The Gain on Disposal from trading securities is a(n) ________.

• A)current asset account
• B)fixed asset account
• C)liability account
• D)equity account

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Definitions:

Municipal Debt Issues

Bonds or other forms of debt issued by municipalities to finance public projects.

Equity Capital

Funds raised by a company in exchange for shares of ownership.

Selling Bonds

The act of issuing debt securities by governments or corporations to investors in order to raise capital, with an obligation to pay back with interest.

Marketable Securities

Financial instruments that can be easily sold or bought on public stock and bond markets.