ACC 101 Lab
Lab Assignment #8
Multiple Choice (2 points each)
Use the following information about PNC Bank to answer the next three questions.
On September 18, 2020, PNC Bank purchased 14,000 shares of Microsoft stock for $200 per share and classified the
. On September 30, 2020, Microsoft stock was trading at $210 per share, and on October 31,
2020, Microsoft stock was trading at $202 per share.
in Microsoft will be shown on PNC Bank’s September 30, 2020 Balance Sheets for:
Unrealized Gain or Unrealized Loss
on this trading investment will be shown on PNC Bank’s September 2020
Income Statement for:
Which of the following is
about investments categorized as