Indicate by letter whether each of the items listed below most likely is reported in the income
Question:
Items
_____ 1. Increase in the fair value of securities available-for-sale
_____ 2. Gain on sale of land
_____ 3. Loss on pension plan assets (actual return less than expected)
_____ 4. Gain from foreign currency translation
_____ 5. Increase in the fair value of trading securities
_____ 6. Loss from revising an assumption related to a pension plan
_____ 7. Loss on sale of patent
_____ 8. Prior service cost
_____ 9. Increase in the fair value of bonds outstanding; fair value option
_____ 10. Gain on postretirement plan assets (actual return more than expected)
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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