Use the Following Information for Questions:
Terry Inc -When Preparing the Balance Sheet as at December 31, 2011

question 66

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. $\begin{array}{lrrrrrr}&\text { 2nd Qtr. } && \text { 3rd Qtr. } && \text { 4th Qtr. }\\\text { Investments } & \text { Cost } & \text { Market } & \text { Cost} & \text { Market } & \text { Cost} & \text { Market }\\\hline\text { Sunshine Co. shares } & \$ 43 & \$ 45 & \$ 43 & \$ 46 & \$ 43 & \$ 45 \\\text { New Ventures Inc. shares } & 101 & 99 & 101 & 105 & 101 & 103 \\\text { Good Day. shares } & 51 & 49 & 51 & 47 & 51 & 46\end{array}$
-When preparing the balance sheet as at December 31, 2011, temporary investments will be reported at:

• A)$194.
• B)$193.
• C)$198.
• D)$195

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Definitions:

Awake and Alert

Being awake and alert refers to a state of consciousness where an individual is fully aware of their surroundings and able to react to stimuli.

REM Sleep

A stage of sleep characterized by rapid eye movements, dreaming, and brain activity similar to wakefulness, crucial for cognitive and emotional function.

EEG (Beta Waves)

EEG (Beta Waves) refers to the brainwave patterns detected by an electroencephalogram that indicate a state of wakefulness, alertness, and active concentration or thinking.

REM Sleep

A sleep phase characterized by rapid eye movement, vivid dreams, and increased brain activity.