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 retained earnings
c
You might also like to view...
A purchase on credit is recorded twice and not corrected during the year-end physical inventory. Which of the following statements correctly describes the impact of this error?
A) The current year income on the income statement is correct because purchases are overstated and ending inventory is overstated. B) The current year balance sheet ending inventory and accounts payable are understated. C) The succeeding year income on the income statement is incorrect because beginning inventory is understated. D) The succeeding year purchases are understated when the prior year purchases are corrected.
Karen Dodd is employed by Dell and responsible for calling on primary schools in her home state of Maine to promote the company's offerings
She demonstrates the Dell line of products including desktop computers, laptops, and tablets and fields questions from teachers and administrators alike. This is an example of which promotion tool? A) digital advertising B) personal selling C) sales promotion D) public relations E) television advertising
In Microsoft SQL Server, main database window contains a list of available databases, including
several system and example databases. Indicate whether the statement is true or false
Consider the free cash flow approach to stock valuation. Utica Manufacturing Company is expected to have before-tax cash flow from operations of $500,000 in the coming year. The firm's corporate tax rate is 30%. It is expected that $200,000 of operating cash flow will be invested in new fixed assets. Depreciation for the year will be $100,000. After the coming year, cash flows are expected to grow at 6% per year. The appropriate market capitalization rate for unleveraged cash flow is 15% per year. The firm has no outstanding debt. The total value of the equity of Utica Manufacturing Company should be
A. $1,000,000. B. $2,000,000. C. $3,000,000. D. $4,000,000.