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Which the account unrealized gain on available-for-sale

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Reference no: EM132611982

Problem 1: What is the total stockholders' equity based on the following account balances?

Common Stock                               $375,000

Paid-In Capital in Excess of Par           90,000

Retained Earnings                           190,000

Treasury Stock                              15,000

a. $670,000

b. $640,000

c. $565,000

d. $655,000

Problem 2: The account Unrealized Gain (Loss) on Available-for-Sale Investments should be included on the:

Group of answer choices

a. statement of retained earnings.

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

c. income statement as other revenue (expense).

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

Reference no: EM132611982

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