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What the valuation allowance for trading investments account

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Reference no: EM132611985

Problem 1: The account Unrealized Gain (Loss) on Trading Investments should be included on the:

Group of answer choices

a. income statement as other revenue (expense).

b. statement of retained earnings.

c. balance sheet as an adjustment to stockholders' equity.

d. balance sheet as an adjustment to the asset account.

Problem 2: The valuation allowance for trading investments account is found on the:

a. statement of retained earnings.

b. balance sheet as an adjustment to stockholders' equity.

c. balance sheet as an adjustment to the asset account.

d. income statement as other revenue (expense).

Reference no: EM132611985

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