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While in Class, Barry Can't Seem to Sit Still

question 21

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While in class, Barry can't seem to sit still. He constantly taps his feet on the floor and frequently shifts his position. The energy Barry uses for these involuntary movements is classified as


Definitions:

Net Proceeds

The amount of money received from a sale after subtracting all related expenses and costs.

Fair Value

Amount for which a security could be sold in a normal market.

Trading Securities

Securities bought and held primarily for sale in the near term to generate income on short-term price differences.

Unrealized Gain

The increase in value of an asset that has not been sold yet, therefore the gain is not reflected in the income statement.

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