For Available-For-Sale Equity Securities,the Unrealized Loss on Long-Term Investments Account

question 63

Multiple Choice

For available-for-sale equity securities,the Unrealized Loss on Long-Term Investments account should be reported as a(n)

• A)realized loss item on the income statement.
• B)prior period adjustment.
• C)contra-asset on the balance sheet.
• D)other comprehensive income (loss).

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Definitions:

Gym Memberships

A subscription-based service that grants individuals access to a gym or fitness center's facilities and equipment for a period of time.

Workout Clothing

Apparel specifically designed for physical exercise, offering comfort, flexibility, and sweat-wicking properties to enhance athletic performance.

Substitutes

Products or services that can replace each other in use, where an increase in price of one leads to an increased demand for the other.

Sneakers

Casual footwear designed primarily for sports or other forms of physical exercise, but which are now also widely used for everyday wear.