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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

How would a debit balance in Unrealized Gain (Loss) on Available-for-Sale Investments be reported in the financial statements?

To determine

Available-for-sale securities: These are short-term or long-term investments in debt and equity securities with an intention of holding the investment for some strategic purposes like meeting liquidity needs, or manage interest risk.

To describe: The accounting treatment of debit balance of Unrealized Gain (Loss) on Available-for-Sale Investments

Explanation

Accounting treatment:

  • Unrealized Gain (Loss) on Available-for-Sale Investments is the account used to report the changes in fair value of available-for-sale investments, on statement of stockholders’ equity.
  • If the fair value of available-for-sale investment decreases, the decrease amoun...

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