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The Gain/Loss on Investment Account May Appear on Which Financial

Question 98

Multiple Choice

The Gain/Loss on Investment account may appear on which financial statement?


A) the balance sheet under the "liabilities" section
B) the balance sheet as part of the shareholders' equity
C) the balance sheet under the "assets" section as a contra asset
D) the income statement under the "other income/expense" section

Correct Answer:

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