Use the Following Information to Answer Questions

question 17

Multiple Choice

Use the following information to answer questions
Bayne Inc.bought bonds at a cost of $12,000 on March 1, 2011.At the end of the first quarter, March 31, Waba prepared financial statements and the bonds had a market value of $12,800.Bayne sold the bonds for $12,100 on May 18 before receiving any interest for them.
-On their first quarter financial statements prepared for the period ending March 31, Bayne should have recorded:

• A)An unrealized gain of $800
• B)An unrealized loss of $300
• C)A realized gain of $300
• D)no adjustment was required

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Definitions:

Organization-Wide Norms

The shared expectations and rules that guide behavior of members within an entire organization.

Vested Interests

The stake or involvement one has in an outcome that, typically, provides personal benefit, financial gain, or power.

Habit

is a regular behavior or routine that is performed repeatedly, often unconsciously.

Resistance To Change

The reluctance or refusal to accept or adapt to changes within the organizational environment or personal life.