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3. Match the items in Column I with those in Column II Column I Answers Column II A-Unrealized holding gains and losses from Available for

3. Match the items in Column I with those in Column II

Column I

Answers

Column II

A-Unrealized holding gains and losses from Available for Sale Securities

A liability

B-

Contra Asset

Applies to financial statements of nongovernmental entities

C- ASC 825-10-05-5

Recognized in Income from Continuing Operations

D- FASB Accounting Standards Codification

Allowance for Doubtful Accounts

E- Unrealized holding gains and losses from Trading Securities

Fair Value Option

F- Unearned Revenue

Recognized as a Component of Other Comprehensive Income

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