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Esteban Pedraza
on Nov 13, 2024

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The account Unrealized Gain (Loss) on Trading 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 retained earnings

Unrealized Gain

A profit that exists on paper resulting from an investment that has not yet been sold for cash.

Trading Investments

Trading Investments refer to securities bought and held primarily for selling them in the short term to profit from price fluctuations.

Other Revenue

Revenue from sources other than the primary operating activity of a business.

  • Explain the distinctions among trading securities, securities available for sale, and securities held to maturity.
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HH
hemin hassanNov 15, 2024
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