Any Unrealized Gain or Loss for the Portfolio of Available-For-Sale

question 171

True/False

Any unrealized gain or loss for the portfolio of available-for-sale securities is reported on the income statement in the other gain or loss section.

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Definitions:

Variable Cost

Outlays that adjust according to the quantity of production or level of output.

Administrative Office

The part of an organization responsible for management and support tasks, such as finance, HR, and general administration.

Lease Cost

The expense incurred for renting a property, equipment, or facility under a lease agreement.

Sales Volume

Sales volume refers to the total number of units of a product or service sold by a company within a specific time period.