Loser Corp

question 10

Multiple Choice

Loser Corp. holds two trading investments. At year end, one has an unrealized gain of $2,000 and the other has an unrealized loss of $4,500. The trading investments would be reported at fair value and Loser Corp. would report a net unrealized loss of:

• A)$2,500 in the income statement.
• B)$4,500 in the income statement.
• C)$2,500 in the statement of comprehensive income.
• D)$4,500 in the statement of comprehensive income.

Assess the ethical considerations in corporate financial decisions.

Match important terms with their definitions or implications in the context of stockholders' equity.

Understand the basic structure and types of capital stock in a corporation.

Distinguish between privately held and publicly traded corporations.

---

Definitions:

Federal Marginal Tax Rate

The rate at which the last dollar of a taxpayer's income is taxed, according to federal tax brackets.

British Columbia Resident

An individual who lives in or maintains a residency in the province of British Columbia, Canada.

Interest Income

Income earned by an individual or company from lending money or from investments in interest-bearing accounts.

Capital Gains

The profit from the sale of an asset or investment.