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H. publik key
I. network list
Answer: A
NEW QUESTION: 2
Northern Company reports income unrealized gains (losses) on its short-term investment portfolio in
Other Comprehensive Income (OCI). Its investment portfolio is classified as:
A. Available for sale.
B. Held-to-maturity.
C. Trading.
Answer: A
Explanation:
Unrealized gains (losses) for available-for-sale investments by-pass the income statement and are recorded directly in stockholders' equity in other comprehensive income (OCI). For securities classified as "trading", these unrealized gains (losses) are reported in current income and affect stockholder's equity via the updating of retained earnings.
NEW QUESTION: 3
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Answer: C
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