For Trading Securities,changes in the Market Value of the Securities

question 19

Multiple Choice

For trading securities,changes in the market value of the securities are included in ________.For available-for-sale securities,changes in the market value of the securities are included in ________.

• A) Other Comprehensive Income; Other Comprehensive Income
• B) Other Comprehensive Income; Retained Earnings
• C) Retained Earnings; Other Comprehensive Income
• D) Retained Earnings; Retained Earnings

---

Definitions:

Repairs and Maintenance Expense

Costs incurred to keep property, plant, and equipment in efficient operating condition.

Legal Fees

Charges for services related to legal advice, representation, and legal document preparation by attorneys.

Delinquent Taxes

Taxes that have not been paid by the due date, often subject to penalties and interest charges.

Short-Term Note

A debt instrument or loan with a maturity of less than one year, often used for immediate financing needs.