If the Fair Value of a Non-Trading Security Exceeds Its

question 199

True/False

If the fair value of a non-trading security exceeds its cost, the security should be written up to fair value and a realized gain should be recognized.

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Definitions:

Albert Ellis

An American psychologist who developed Rational Emotive Behavior Therapy (REBT), a form of cognitive-behavioral therapy emphasizing the role of beliefs and attitudes in emotional distress.

Term Paper

A research paper written by students over an academic term, representing a large portion of a grade.

Cybertherapist

A professional who provides psychological support and counseling through digital platforms, including video calls, messaging, or online programs.

Cognitive-behavioral Therapy

A psychotherapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.