Question

6. The profit included in the closing stock on the date of consolidation is known as
a) Gross profit
b) Unrealized profit
c) Realized profit d) Revenue profit.

Answer 1

Answer:

B) Unrealized profit

Explanation:

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Answer 2

Answer:

Explanation:

Unrealized profit

Unrealized gains refer to profits from the increase in stock price over the price you paid for stock you still own. An unrealized gain is a potential profit that exists on paper, resulting from an investment. It is an increase in the value of an asset that has yet to be sold for cash, such as a stock position that has increased in value but still remains open. A gain becomes realized once the position is sold for a profit