Use the Following Information for Questions:
Terry Inc -At the End of the Second Quarter, the Income Statement

question 57

Multiple Choice

Use the following information for questions:
Terry Inc.purchased shares in three companies during the second quarter of 2011.They prepare interim financial statements each quarter and yearly statements as of December 31.Shown below are their investments in temporary investments for 2011. $\begin{array}{lrrrrrr}&\text { 2nd Qtr. } && \text { 3rd Qtr. } && \text { 4th Qtr. }\\\text { Investments } & \text { Cost } & \text { Market } & \text { Cost} & \text { Market } & \text { Cost} & \text { Market }\\\hline\text { Sunshine Co. shares } & \$ 43 & \$ 45 & \$ 43 & \$ 46 & \$ 43 & \$ 45 \\\text { New Ventures Inc. shares } & 101 & 99 & 101 & 105 & 101 & 103 \\\text { Good Day. shares } & 51 & 49 & 51 & 47 & 51 & 46\end{array}$
-At the end of the second quarter, the income statement would show:

• A)a realized loss on sale of temporary investments for $2.
• B)an unrealized loss on temporary investments for $2.
• C)an unrealized gain on temporary investments for $2.
• D)no gain or loss related to temporary investments.

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Definitions:

Eustress

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The stress experienced due to the hardships and challenges associated with living in poverty.

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A state of physical, emotional, and mental exhaustion caused by prolonged stress, often from the workplace.

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A psychological phenomenon where individuals feel guilty for surviving a traumatic event when others did not, questioning why they were spared.