Calculate the Net Advance-Decline for Day 5 Using the Trade

question 58

Multiple Choice

Calculate the net advance-decline for day 5 using the trade data in the table below. $$\begin{array}{l}\begin{array} { c c c c r } &\text { Issues }\\\text { Day } & \text { Traded } & \text { Advances } & \text { Declines } & \text { Unchanged } \\\hline 1 & 32456 & 25698 & 6058 & 700 \\2 & 43013 & 24560 & 17210 & 1243 \\3 & 33124 & 20324 & 12378 & 422 \\4 & 32678 & 19867 & 11367 & 1444 \\5 & 31897 & 18678 & 12278 & 941\end{array}\end{array}$$

• A)-5,459
• B)941
• C)5,459
• D)6,400
• E)7,853

---

Definitions:

Equipment

Tangible property used in operations, such as machinery or computers, that has a useful life beyond a single reporting period.

Depreciation

The process of allocating the cost of a tangible asset over its useful life.

Straight-Line Basis

An accounting method of depreciation where the value of an asset is reduced evenly over its useful life.

Salvage Value

The projection of an asset's resale value after it ceases to be of use.