Which item is not considered part of reserves? (a) Unrealized loss on available-for-sale investments. (b) Revaluation surplus.

Question:

Which item is not considered part of reserves?

(a) Unrealized loss on available-for-sale investments. 

(b) Revaluation surplus.

(c) Retained earnings.

(d) Issued shares.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

Question Posted: