Identify where each of the following items would be reported in the financial statements.
1. Interest earned on investments in bonds.
2. Market adjustment—available for sale.
3. Unrealized loss on available for sale securities.
4. Gain on sale of investments in stock.
5. Unrealized gain on trading securities.
Use the following possible categories:
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Balance sheet: |
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Current assets |
Current liabilities |
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Investments |
Long term liabilities |
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Property, plant, and equipment |
Stockholders’ equity |
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Intangible assets |
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Income statement: |
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Other revenues and gains |
Other expenses and losses |