Question: Indicate on which financial statement (that is, balance sheet, income statement, or statement of comprehensive income) each of the following accounts would be reported if
Indicate on which financial statement (that is, balance sheet, income statement, or statement of comprehensive income) each of the following accounts would be reported if the investor is a public company. Where the company has the choice, it reports gains and losses in other comprehensive income and the company presents the statement of comprehensive income separately from the income statement. Also give the appropriate financial statement classification (e.g., current assets, non-current assets, or other revenue).
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Account Financial Statement Classification Trading investments Dividend revenue Investment in associate Long-term investment-bonds Gain on sale of trading investments Gain on fair value adjustment for trading investments Loss on fair value adjustment for strategic investments Interest revenue on bonds purchased for trading
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