Mega Company Receives Net Proceeds of $73,000 on the Sale

question 48

Multiple Choice

Mega Company receives net proceeds of $73,000 on the sale of stock investments that cost $79,000. This transaction will result in reporting in the income statement a

• A) loss of $6,000 under "Other expenses and losses."
• B) loss of $6,000 under "Operating expenses."
• C) gain of $6,000 under "Other revenues and gains."
• D) gain of $6,000 under "Operating revenues."

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Definitions:

Symmetrical Faces

A characteristic of facial structure where both halves of the face are identical in terms of shape and size, often associated with attractiveness.

Perceived

Regarded in a certain way; the interpretation or impression of something based on one's own understanding or assessment.

Ostracism

Being excluded, rejected, and ignored by others.

Excluded

To be deliberately left out or denied access to a group or activity.