Changes in the value of available­for­sale securities A. are reported as part of

Question

Changes in the value of available­for­sale securities

A. are reported as part of stockholders' equity

B. are recognized on the income statement

C. are not recognized

D. are recognized on the income statement and as part of stockholders' equity

The numerator of the return on total assets is

a.

net income

b.

net income plus tax expense

c.

net income plus interest expense

d.

net income minus preferred dividends

a.

net income

b.

net income plus tax expense

c.

net income plus interest expense

d.

net income minus preferred dividends

Explanation / Answer

Q1) Changes in the value of available­for­sale securities are reported on on the income statement

Q2) Option A is Correct. It is Net Income

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