Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Nola Co. has a portfolio of marketable equity securities that it does not intend to sell in the near term. How should Nola classify these securities,

and how should it report unrealized gains and losses from these securities?         Classify as                                                                     Report in

A. Trading securities  / A component of income from continuing operations

B. Available-for-sale securities       Other comprehensive income (OCI)

C. Trading securities       Other comprehensive income (OCI)

D. Available-for-sale securities  A component of income from continuing operations

Accounting Auditing Banking
user-image
Question added by Deleted user
Date Posted: 2015/02/22
Upvote (0) Views (3) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
lizette obiakah
by lizette obiakah , Account Clerk , Nzeck Chambers

availability of sale security a component of income from continuing operations

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help