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Nola Co. has a portfolio of marketable equity securities that it does not intend to sell in the near term. How should Nola classify these securities,

and how should it report unrealized gains and losses from these securities?         Classify as                                                                     Report in

A. Trading securities  / A component of income from continuing operations

B. Available-for-sale securities       Other comprehensive income (OCI)

C. Trading securities       Other comprehensive income (OCI)

D. Available-for-sale securities  A component of income from continuing operations

Accounting Auditing Banking
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Question added by Deleted user
Date Posted: 2015/02/22
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lizette obiakah
by lizette obiakah , Account Clerk , Nzeck Chambers

availability of sale security a component of income from continuing operations

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