During 2014 Logic Company Purchased 8,000 Shares of Midi, Inc

question 85

Multiple Choice

During 2014 Logic Company purchased 8,000 shares of Midi, Inc. for $30 per share. The investment was classified as a trading security. During the year Logic Company sold 2,000 shares of Midi, Inc. for $35 per share. At December 31, 2014 the market price of Midi, Inc.'s stock was $28 per share. What is the total amount of gain/(loss) that Logic Company will report in its income statement for the year ended December 31, 2014 related to its investment in Midi, Inc. stock?

• A) ($16,000)
• B) $10,000
• C) ($6,000)
• D) ($2,000)

Comprehend the concept of secularization and its impact on modern societies.

Identify and describe different religious movements, including revitalization movements and pilgrimage practices.

Examine the concepts of ancestor spirits, revitalization movements, and the role of religion in reinforcing social reality.

Gain insight into the distribution and characteristics of major world religions, such as the proportion of religiously unaffiliated individuals and the prominence of certain religions.

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Definitions:

Microorganisms

Tiny, often microscopic, life forms including bacteria, viruses, fungi, and protozoa, that can have diverse effects on living organisms.

Moist Environment

A setting or condition with increased levels of moisture or humidity, often required for specific medical treatments or wound healing.

Electrolyte Imbalance

A condition where the levels of electrolytes (salts and minerals, such as potassium, sodium, and magnesium) in the body are either too high or too low, affecting bodily functions.

Serious Hemorrhaging

A critical condition involving rapid and excessive blood loss, posing immediate danger to life if not promptly treated.