Financial Accounting: Information for Decisions
Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158809
Author: Wild, John
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter C, Problem 17QS
Summary Introduction

Concept Introduction:

Trading securities: these investments are made in securities for the short term, which is held by the investor to sell in the short term to gain a profit on the sale.

To indicate: thereporting of unrealized gain (losses) on trading investment in the income statement.

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