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The Following Information Relates to Rowling Company's Short-Term Investment in Equity

question 59

Multiple Choice

The following information relates to Rowling Company's short-term investment in equity securities available for sale at the end of 2010 and 2011 (in 000s) :
The following information relates to Rowling Company's short-term investment in equity securities available for sale at the end of 2010 and 2011 (in 000s) :   Rowling's net realized and unrealized gains and losses for 2011, respectively, would be A)  $2 realized loss; $8 unrealized loss. B)  $2 realized loss; $16 unrealized loss. C)  $2 realized loss; $16 unrealized gain. D)  $2 realized loss; $8 unrealized gain.
Rowling's net realized and unrealized gains and losses for 2011, respectively, would be

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Definitions:

Sella Turcica

A saddle-shaped depression in the sphenoid bone at the base of the human skull, which houses the pituitary gland.

Carotid Canal

A passageway in the temporal bone of the skull through which the internal carotid artery enters the cranial cavity.

Occipital

Referring to the occipital bone or region, located at the back and lower part of the skull, or the occipital lobe in the brain responsible for vision processing.

Parietal

Referring to the parietal bones of the skull or the parietal lobe of the brain, linked with processes such as sensory perception and integration.

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