Worldwide Enterprises purchased a bond on June 30 of the current year for $100,000 and classified the investment as trading debt. The market value of the trading debt investment at year-end is $102,500. The adjustment is ________.

A) reported as a separate component of stockholders' equity
B) reported as a $2,500 unrealized holding gain in the Other Income and (Expenses) section of the income statement
C) not reported on the income statement because the market value is greater than the cost
D) subtracted from the Trading Debt Investment account


B) reported as a $2,500 unrealized holding gain in the Other Income and (Expenses) section of the income statement

Business

You might also like to view...

The future value of an annuity due is determined one period after the first cash flow in the series

Indicate whether the statement is true or false

Business

What three interrelated elements does distribution embrace in a typical sales cycle?

a. Information and process flow, promotion flow, and place flow. b. Information and promotion flow, negotiation flow, and product flow. c. Product flow, price flow, and place flow. d. Product flow, promotion flow, and place flow. e. Process flow, promotion flow, and place flow.

Business

Which of the following is TRUE about task and relationship conflict?

a. The two are often related. b. Task conflicts often lead to increased relationship conflicts. c. The two are not at all related. d. The two are related only on routine tasks.

Business

A group has achieved synergy when

A) all members agree on a course of action. B) each member agrees with a problem solution. C) members are solving problems at an above-average rate. D) the total output exceeds the sum of individual contributions.

Business