When a Company Sells a Trading Investment, the Gain or Loss

question 115

Multiple Choice

When a company sells a trading investment, the gain or loss on the sale is reported in the:

• A) revenues section of the income statement.
• B) short-term investments section of the balance sheet.
• C) other revenue, gains, and losses section of the balance sheet.
• D) other revenue, gains, and losses section of the income statement.

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Definitions:

Hamstring

A group of three muscles located at the back of the thigh, involved in bending the knee and extending the hip.

Quadriceps

A muscle group located at the front of the thigh, crucial for walking, running, and jumping.

Osteoporosis

A bone disease marked by decreased bone density and increased risk of fractures.

Nursing Diagnosis

A clinical judgment about individual, family, or community responses to actual and potential health problems/life processes, providing the basis for selecting nursing interventions.