a-company-reports-a-3000-unrealized-gain-from-trading-securities-on-its-income-s

Question

A company reports a $3,000 unrealized gain from trading securities on its income statement. How does this affect the company's equity?

Accepted Answer

It increases equity by $3,000.

Answer

It has no effect on equity.

Answer

It decreases equity by $3,000.

Answer

It increases equity by $1,500.

A company reports a \$3,000 unrealized gain from trading securities on its income statement. How does this affect the company's equity?