Multiple Choice
The account Unrealized Gain (Loss) on Available-for-Sale Investments should be included on the
A) income statement as other revenue (expense)
B) balance sheet as an adjustment to the asset account
C) balance sheet as an adjustment to stockholders' equity
D) statement of stockholder's equity
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Following are data for the trading
Q6: Match each of the definitions that follow
Q8: Present entries to record the following
Q9: When shares of stock held as an
Q11: Trading securities are reported on the balance
Q12: Albright Company purchased as a long-term
Q46: Compare and contrast why companies invest cash
Q63: The equity method is usually more appropriate
Q67: Gale Company owns 87% of the outstanding
Q121: Most companies invest excess cash in bonds