Multiple Choice
Under the equity method,if an Equity-Method Investment is sold at a gain,the gain is:
A) reported as operating revenue on the income statement.
B) reported on the balance sheet as an adjustment to Accumulated Other Comprehensive Income.
C) reported in the Other Revenue and Gain section of the income statement.
D) reported as Other Comprehensive Income on the Statement of Comprehensive Income.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Interest is the cost of using money.
Q19: Which of the following discount rates will
Q72: An investor has a long-term available-for-sale stock
Q79: The fair value of a long-term available-for-sale
Q82: In consolidation accounting,a year-end elimination entry is
Q83: An investor owns 30% of the outstanding
Q84: Clarke Company owns all of the stock
Q88: The Allowance to Adjust Investment in Available-for-Sale
Q91: On January 1,2014,Bucket Company purchased as an
Q101: The Allowance to Adjust Investment in Available-for-Sale