A Purchase of Common Stock of Blue Wave Corporation for $29,000

question 15

Multiple Choice

A purchase of common stock of Blue Wave Corporation for $29,000 was sold three months later for $30,000. The entry to record the sale would include a

• A) debit to Cash of $29,000.
• B) credit to Gain on Sale of Stock Investments of $1,000.
• C) credit to Stock Investments of $30,000.
• D) credit to Interest Revenue of $1,000.

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Definitions:

Chronic Diseases

Long-lasting health conditions that typically progress slowly over time, such as diabetes, heart disease, and arthritis.

Type 2 Diabetes

A chronic condition that affects the way the body processes blood sugar (glucose) due to insulin resistance or a lack of insulin.

Psychological Factor

An aspect of an individual's mental or emotional state that influences behavior and perception.

Susceptibility

The likelihood or predisposition of an individual or group to be affected or influenced by a particular condition or disease.