Multiple Choice
The balance in the Unrealized Gain on Investment in Available-for-Sale Securities account is reported on the ________. The investments are classified as long-term.
A) balance sheet as a contra asset account
B) income statement under Other Expenses and Losses
C) balance sheet, as part of the stockholders' equity section
D) balance sheet, as part of Long-Term Investments
Correct Answer:
Verified
Correct Answer:
Verified
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