A Company Has a Long-Term Investment in Available-For-Sale Securities

question 11

Multiple Choice

A company has a long-term investment in available-for-sale securities.The Unrealized Gain on (long-term) Investment in Available-for-Sale Securities is reported as:

• A)Other Comprehensive Income in the Statement of Comprehensive Income.
• B)Other Gains on the income statement.
• C)Accumulated Other Comprehensive Income on the balance sheet.
• D)A and C.

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Definitions:

Two-person Career

A relationship dynamic in which both partners contribute to a single career, often with one managing the household or providing other forms of support to enable the other's professional advancement.

Egalitarian Marriage

A marriage based on principles of equality, where partners share responsibilities, decision-making, and power equitably.

Cooperative Marriage

A marital relationship characterized by mutual respect, shared responsibilities, and collective decision-making to achieve common goals.

Full-time Retailer

Describes a business or individual that sells goods to the public in relatively small quantities for personal use, operating as their primary occupation.