Where are changes in the fair value of equity securities and reported? These fair values are readily determinable and the securities do not provide the owner with significant influence over the investee. a. as income or loss on the income statement b. as a component of accumulated other comprehensive income on the balance sheet c. as a prior-period adjustment to retained earnings on the balance sheet d. these value changes are not reported until the gain or loss is realized
Where are changes in the fair value of equity securities and reported? These fair values are readily determinable and the securities do not provide the owner with significant influence over the investee. a. as income or loss on the income statement b. as a component of accumulated other comprehensive income on the balance sheet c. as a prior-period adjustment to retained earnings on the balance sheet d. these value changes are not reported until the gain or loss is realized
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Where are changes in the fair value of equity securities and reported? These fair values are readily
determinable and the securities do not provide the owner with significant influence over the investee.
a. as income or loss on the income statement
b. as a component of accumulated other comprehensive income on the
c. as a prior-period adjustment to
d. these value changes are not reported until the gain or loss is realized
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