Which of the following accounts is a balance sheet account?
A)Other comprehensive income.
B)Accumulated other comprehensive income
C)Unrealized gains from investing activities
D)Loss from continuing operations.

Question

Quizplus · Accepted Answer

Accumulated other comprehensive income is a balance sheet account that captures unrealized gains and losses that occur outside of normal business operations. Other comprehensive income (A) and unrealized gains from investing activities (C) are also related to comprehensive income but are reported in different financial statements, while the loss from continuing operations (D) is a component of the income statement.

Which of the Following Accounts Is a Balance Sheet Account