A Local Governmental Entity Began the Year with a Portfolio

question 16

Multiple Choice

A local governmental entity began the year with a portfolio of securities with an historical cost of $600 and a fair value of $620.During the year the government acquired an additional security at a cost of $130 and sold for $100 a security that had an historical cost of $86 and a fair value at the beginning of the year of $95.At the end of the year the securities portfolio had a fair value of $665.The amount that should be recognized on the financial statements for the year as investment income is

• A)Gain $5.
• B)Gain $10.
• C)Gain $14.
• D)Gain $15.

Comprehend the basics of intrapersonal and interpersonal skills, including problem-solving, critical thinking, communication, teamwork, and conflict resolution.

Recognize and explain the importance of cultural awareness in both national and organizational contexts.

Identify predictors of employee engagement and the implications of personality traits on work behavior.

Grasp the concept of learning in organizations, including the nature of learning and its outcomes.

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Definitions:

Consumer Price Index

An index measuring the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Base Year

A specific year against which economic or financial data is compared to measure economic performance over time.

Structural Unemployment

A type of unemployment resulting from a discrepancy between the skills available in the workforce and those required by employers.

Skills

The abilities and expertise acquired through training or experience that enable an individual to perform tasks effectively.