Identify where each of the following items would be reported in the financial statements.
1. Interest earned on investments in bonds.
2. Market adjustment-available-for-sale.
3. Unrealized loss on available-for-sale securities.
4. Gain on sale of investments in stock.
5. Unrealized gain on trading securities. Use the following possible categories:
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Balance sheet:
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Current assets
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Current liabilities
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Investments
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Long-term liabilities
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Property, plant, and equipment
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Stockholders' equity
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Intangible assets
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Income statement:
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Other revenues and gains
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Other expenses and losses
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