Indicate where each of the following items is reported on financial statements. Choose from the following categories:
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Indicate where each of the following items is reported on financial statements. Choose from the following categories: (a) current assets, (b) long-term investments, (c) current liabilities, (d) long-term liabilities, (e) other revenues and gains, (f) other expenses and losses, and (g) equity.
1. Trading securities
2. Unrealized gain on available-for-sale securities
3. Held-to-maturity securities (due in 15 years)
4. Unrealized gain on trading securities
5. Fair value adjustment—Trading
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1260247855
8th edition
Authors: John J Wild, Ken W. Shaw
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