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:

Respiratory Problems

Health issues related to the lungs and breathing, such as asthma or chronic bronchitis.

Cigarette Smoking

Refers to the act of inhaling and exhaling the smoke produced by burning tobacco in cigars, cigarettes, and pipes.

Infant Development

Infant development encompasses the physical, cognitive, emotional, and social growth that occurs in babies from birth to the end of their second year.

Postnatally

Pertaining to the period immediately following the birth of an offspring.