Asked by
Meagan Guerra
on Nov 13, 2024
Verified
Which of the following would not be reported under "Other Revenues and Gains" on the income statement?
A) Unrealized gain on available-for-sale securities
B) Dividend revenue
C) Interest revenue
D) Gain on sale of short-term debt investments
Other Revenues and Gains
Accounts that record income from activities that are not part of a business's core operations.
Unrealized Gain
The potential profit on an investment that has not been sold, reflecting an increase in value on paper but not realized as cash.
Dividend Revenue
Income earned from holding shares of a company that pays dividends.
- Identify the necessity and demonstration of unrealized gains or losses on investments and their impact on financial statements.
Verified Answer
AR
Learning Objectives
- Identify the necessity and demonstration of unrealized gains or losses on investments and their impact on financial statements.