e element in the accumulated other comprehensive income section of shareholders' equity. is reported as a positive element in the accumulated other comprehensive income section of shareholders' equity. is reported as a positive element in the assets section of t

Q: Where on the financial statements is an unrealized holding gain or loss on trading investments…

A:

Q: Where are changes in the fair value of equity securities and reported? These fair values are readily…

A: In case of, available-for-sale securities are reported at fair value; changes in value between…

Q: Which of the following statements is not true of the fair-value method of accounting for marketable…

A: Fair value: Fair value is the price at which, both seller and buyer agree to exchange the asset. So,…

Q: Unrealized holding gains and losses on debt securities classified as available for sale would have…

A: Other Comprehensive Income refers to items of income and expenses that are not recognized as a part…

Q: All of the following are true of the effect of fair value accounting on the financial statements…

A: Fair value accounting: uses the Current Market Values as the basis for Recognizing Assets &…

Q: If an entity has issued cumulative redeemable preference shares to the market, discuss what effects…

A: Preference shares are those shares on which a fixed rate of dividend is paid by the company. At the…

Q: For fi nancial assets classifi ed as trading securities, how are unrealized gains and losses refl…

A: Trading securities are debt or equity assets that management expects to aggressively sell for gain…

Q: All of the following statements are true regarding available-for-sale securities except   a.changes…

A: The financial instruments that are tradable and can be used to raise capital in private and public…

Q: Dividend revenue is recognized for trading securities and available for sale securities even if held…

A: Solution Concept Dividend is recognized in income statement for trading securities if they are held…

Q: Comprehensive income includes the following except: A. revenues and gains B. expense and loss C.…

A: Comprehensive income  : Comprehensive income is the income of business which is the variation of…

Q: When holding held-to-maturity securities, a company should disclose at each balance sheet date the…

A: We shall answer the first question since the exact question wasn't specified. Please resubmit a new…

Q: Which of the following may not affect retained earnings or earned capital? O Correction of prior…

A: Profit and loss for the period and correction of prior period error may affect the retained…

Q: Interest revenue on bonds is reported as Group of answer choices an addition to the investment in…

A: Interest revenue on bonds is non operating revenue. So it is not operating income.

Q: For fi nancial assets classifi ed as trading securities, how are unrealized gains and losses refl…

A: Financial assets classified as trading securities can be defined as the assets which can be realized…

Q: IFRS requires companies to measure their financial assets at fair value except when based on: a.…

A: IFRS or International Financial Reporting Standards are accounting strategies that are applicable in…

Q: 1. Investments in debt and equity securities that are held for current resale by banks and…

A: Banks and stock brokerage firms normally deals in purchase and sale of securities. This purchase and…

Q: Trading securities, by definition, are properly classified in the statement of financial position…

A: Statement of financial position is also known as balance sheet, which is prepared at the year-end to…

Q: Which statement is not true?

A: In the above question, there are four statements; we must identify which of the four statements is…

Q: Unrealized holding gain/loss which are taken to profit or loss are from securities that are…

A: Answer:-  Unrealized gain meaning:- A notional profit that exists on paper as a consequence of an…

Q: other comprehensive income

A: Other comprehensive income includes gains or losses that are not included in profit and loss…

Q: Distinguish between the accounting treatment for marketable versus nonmarketable equity securities.

A:

Q: The entry to record the reissuance of treasury shares above their original acquisition cost includes…

A: Treasury shares are those shares which are already issued shares of the company and which are bought…

Q: Among the following five types of investments: Held-to-maturity, debt investment Trading, debt…

A: Other comprehensive income (OCI) is a type of reserve that the company has from its unrealized gain.…

Q: Under IFRS No. 9, which reporting categories are used to account for equity investments when the…

A:

Q: Which of the following is not a financing activity: O Issuance of bonds payable O Sale of investment…

A: Introduction: Statement of cash flows: All cash in and out flows are recorded in statement of cash…

Q: deemable preference shares will be shown under: a. Equity in the statement of financial position b.…

A: Solution: Redeemable preference shares will be shown under " Equity in the statement of financial…

Q: When the conversion of bonds payable to common stock is recorded under the market value method and…

A: Journal entry will be - bonds payable debit…

Q: The term reserves is used under IFRS with reference to all of the following except:(a) gains and…

A: International Financial Reporting Standards (IFRS):  International Financial Reporting Standards is…

Q: All of the following are key similarities between GAAP and IFRS with respect to accounting for…

A: International Financial Reporting Standards (IFRS):  International Financial Reporting Standards is…

Q: When holding available-for-sale securities, a company should disclose for each income statement…

A: It is investment in debt or equity but it intent to sale before its maturity.

Q: For fi nancial assets classifi ed as held to maturity, how are unrealized gains and losses refl…

A: Securities held to maturity (HTM) are bought for ownership before they expire. For instance, the…

Q: Common Stock investments using the fair value method are: A. reported at fair value on the balance…

A: Common Stock investments using the fair value method are reported at fair value as on the balance…

Q: All equity securities and investments in debt securities that are intended to be sold in the near…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: For fi nancial assets classifi ed as held to maturity, how are unrealized gains and losses refl…

A: Trading securities are debt or equity assets that management expects to aggressively sell for gain…

Q: xplain the classification of SHORT-TERM INVESTMENTS in the corporate balance sheets while…

A: Short Term Investment: Short term investments are temporary investments. The investments are those…

Q: Explain what method is used to account for investments in equity securities with 20% to 50%…

A: Investments in equity securities with 20% to 50% ownership, the investor is said to have significant…

Q: All investments in debt securities and investments in equity securities for which the investor lacks…

A:

Q: Unrealized holding gains and losses for trading securities are: a) Reported as a separate com ponent…

A: A security is a financial instrument, generally any financial asset that can be traded.…

Q: Why are unrealized gains and losses on available-for-sale securities not reported in theincome…

A: Definition: Generally Accepted Accounting Principle (GAAP): Generally Accepted Accounting Principle…

Q: Appropriation for accumulated profits, if reflected in separate account, shall be shown as a.…

A: Solution: Appropriation for accumulated profits, if reflected in separate account, shall be shown as…

Q: If a company has trading securities, it will report unrealized changes in their value only when…

A: Trading Securities:- Trading securities are investments in debt or equity that management plans to…

Q: Changes in the fair value of held to maturity securities are: A. not recognized. B. recognized on…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: In subsequent periods after purchase, investments in available-for-sale securities will be reported…

A: Since we answer only one question, we will answer the first question. Please resubmit the other…

Q: Property or services received in exchange for capital stock should be recorded at the par or stated…

A: Capital stock of the company can be issued for cash or in exchange of assets or services. When…

Q: Equity securities acquired by a corporation which are accounted for by recognizing unrealized…

A: When some investments are made in some other company or corporation, then it depends on the quantum…

Q: 2. Each of the three categories of investments in debt and equity securities have similar accounting…

A: Answer 2 : Option (c) Recognition of realized gain or losses on sales is the correct answer.