When Available-For-Sale Securities Are Sold,the Amount of Gain or Loss

question 114

True/False

When available-for-sale securities are sold,the amount of gain or loss realized from the date of purchase is included in before-tax net income.

---

Definitions:

Contractile Vacuole

In freshwater protists, an organelle that collects and expels excess water.

Cilia

Microscopic hair-like structures that extend from the surface of many animal cells, involved in movement and sensory processes.

Micronucleus

A small nucleus that forms whenever a cell undergoes nucleus division, often seen in certain protozoans.

Plasmodial Slime Molds

A type of slime mold consisting of a single, large cell with multiple nuclei, living as a free-flowing plasmodium during part of its life cycle.