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Financial Accounting

15th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781337272124

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BuyFindarrow_forward

Financial Accounting

15th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781337272124
Chapter 15, Problem 8DQ
Textbook Problem
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How would a debit balance in Unrealized Gain (Loss) on Available-for-Sale Investments be reported in the financial statements?

To determine

Describe the accounting treatment of debit balance of Unrealized Gain (Loss) on Available-for-Sale Investments

Explanation of Solution

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.

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...

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Chapter 15 Solutions

Financial Accounting
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