Unrealized Gains and Losses on Trading Securities Appear on the Income

question 74

True/False

Unrealized gains and losses on trading securities appear on the income statement.

---

Definitions:

Crowdsourcing

The process of using the Internet to attract, aggregate, and manage ostensibly inexpensive or even free labor from enthusiastic customers and like-minded people.

3D Printing

A manufacturing process that creates physical objects from digital designs by layering materials.

Wikihouse

An open-source project that allows users to design, download, and build their own homes to democratize architecture.

Bootstrapping

A self-funding strategy where entrepreneurs start and grow their businesses using personal finances or revenues generated by the business instead of seeking external investment.