Identify where each of the following items would be reported in the financial statements.
1. Loss on sale of investments in stock.
2. Unrealized gain on available for sale securities.
3. Market adjustment—trading.
4. Interest earned on investments in bonds.
5. Unrealized loss 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 |