The account Unrealized Gain (Loss) on Trading Investments should be included in 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
a
You might also like to view...
Climate influences:
A. levels of emotional well-being. B. what people can do, physically and economically. C. adjustment and motivation. D. intelligence and energy levels, per the North-South divide.
Ted offers to sell his car to Frank for $3,000 cash, offering to deliver the car in two days. Frank responds, "It's a deal, here's a thousand now and I'll pay the other $2,000 in a week"
In this situation, which of the following applies to Ted? A) He has a binding contract as a result of Fred's acceptance. B) His offer was rejected by Frank. C) He must decide whether to accept Frank's counter-offer D) He must decide whether to accept Frank's conditional offer. E) Both B and C
Supply chain managers outsource logistics to meet what three goals?
What will be an ideal response?
A contract between an adult and a minor is
a. voidable only by the minor. b. voidable only by the adult. c. unenforceable. d. void.