The account Unrealized Gain (Loss) on Trading Securities should be inc.docx
1. The account Unrealized Gain (Loss) on Trading Securities should be included in the
a. Statement of Retained Earnings.
b. Income statement as Other Revenue (Expenses).
c. Balance sheet as an adjustment to the asset account.
d. Balance sheet as an adjustment to Stockholders' Equity.
Solution
b. Income statement as Other Revenue (Expenses).