The account Unrealized Loss on Trading Investments should be included on the

A) income statement as other revenue
B) income statement as other expense
C) balance sheet as an adjustment to the asset account
D) balance sheet as an adjustment to stockholders' equity

Question

Mansi Mehindru · Accepted Answer

Final Answer : B, Explanation :  Unrealized losses on trading investments are reported on the income statement as other expenses because they represent decreases in the fair value of securities that have not yet been sold.

The account Unrealized Loss on Trading Investments should be included on the

A) income statement as other revenue
B) income statement as other expense
C) balance sheet as an adjustment to the asset account
D) balance sheet as an adjustment to stockholders' equity

Definitions

Learning Objectives

Learning Objectives

Related questions

The account Unrealized Loss on Trading Investments should be included on theA) income statement as other revenueB) income statement as other expenseC) balance sheet as an adjustment to the asset accountD) balance sheet as an adjustment to stockholders' equity

Definitions

Learning Objectives

Learning Objectives

Related questions

The account Unrealized Loss on Trading Investments should be included on the

A) income statement as other revenue
B) income statement as other expense
C) balance sheet as an adjustment to the asset account
D) balance sheet as an adjustment to stockholders' equity