Indicate where each of the following items is reported on financial statements. Choose from the following categories:
Question:
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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