ACCOUNTING 2 !!

(1) (2)(3)(4)(5)(6)

Gain on Disposal of a trading investment is an equity account and is reported in the Other Revenues and (Expenses) section of the income statement. The owner of a bond or stock of a corporation is referred to as the investor. Debt securities do not include U.S. government securities. When a company invests in a long - term bond investment by paying cash, the total assets remain unchanged The rate of return on total assets measures a company's ability to meet its short - term obligations a company's investing flexibility a company's ability to repay its long - term debt a company's success in using assets to earn a profit Shelton Co. purchased an available-for-sale stock investment on October 4 of the current year for $43,000. The market value of the stock investment at year-end $39,000. What value will be reported in net income for the adjustment, if any