Changes in the market value of trading securities are reflected in the ________ account.Changes in the market value of available-for-sale securities are reflected in the ________ account.
A) equity in earnings of investment; retained earnings
B) retained earnings; equity in earnings of investment
C) retained earnings; other comprehensive income or loss
D) other comprehensive income or loss; retained earnings
Correct Answer:
Verified
Q12: Rocky Company acquired 40% of the voting
Q13: Jeff Company purchased common stock in Gonzalez
Q14: Dividends received from available-for-sale securities are reported
Q15: An investor in trading securities has the
Q16: Marketable securities that the investor company buys
Q18: Bobby Company purchased 40% of the outstanding
Q19: Brian Company purchased 10% of the outstanding
Q20: Marketable securities that the investor company does
Q21: Presented below is the balance sheet of
Q22: Rocky Company acquired 40% of the voting
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