An unrealized holding gain on a company's available-for-sale debt securities should be reflected in the current financial statements as
(a) an item shown as a direct increase to retained earnings
(b) a current gain in the income statement resulting from holding securities
(c) a note or parenthetical disclosure only
(d) other comprehensive income and included in the equity section of the balance sheet
Ans: (d) other comprehensive income and included in the equity section of the balance sheet
You might also like to view...
Overall, related diversification is less likely to be consistent with the interests of a firm's equity holders than is unrelated diversification
Indicate whether the statement is true or false
The "building blocks" of all spreadsheet simulation models are:
a. deterministic inputs b. random numbers between 0 and 1 c. decision variables d. probability distributions for uncertain input variables