Unrealized Gains on Equity Securities When the Investor Has Insignificant

question 22

Multiple Choice

Unrealized gains on equity securities when the investor has insignificant influence are reported on the:

• A)statement of cash flows as investing activities.
• B)balance sheet as an element of other comprehensive income.
• C)statement of cash flows as financing activities.
• D)income statement as Other Income.

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Definitions:

Business Games

Interactive simulations or activities designed to teach management, business strategies, or decision-making skills in an educational or training context.

Median

The middle value in a data set when it is ordered from smallest to largest, or the mean of the two middle numbers when the set has an even number of observations.

Mathematical Average

Another term for mean, which is calculated by adding up all the numbers in a set of data and dividing by the count of numbers.

Mode

The datum that is most recurrent in a given data set.