The Account Unrealized Gain (Loss) on Available-For-Sale Securities Should Be

question 59

Multiple Choice

The account Unrealized Gain (Loss) on Available-For-Sale Securities should be included in the

• A) Income statement as Other Revenue (Expenses)
• B) Balance sheet as an adjustment to the asset account
• C) Balance sheet as an adjustment to Stockholders' Equity
• D) Statement of Retained Earnings

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Definitions:

Forward Market

A type of financial market where parties enter contracts to buy or sell assets at a specified price with delivery and payment occurring at a future date.

Canadian Dollar

Canada's national currency, denoted by CAD or often called the "loonie."

U.S. Dollar

The official currency of the United States, widely used as a standard of value and medium of exchange in global markets.

Foreign Exchange Market

A global marketplace for buying and selling national currencies.