During Its First Year of Operation, Lenton Limited Acquired Three

question 32

Multiple Choice

During its first year of operation, Lenton Limited acquired three securities as trading investments. Investment A cost $50,000 and had a year-end fair value of $60,000. Investment B cost $35,000 and had a year-end fair value of $20,000. Investment C cost $26,000 and had a year-end fair value of $24,000. What amount should be reported as an unrealized loss in Lenton's income statement for the first year of operation?

• A)$0
• B)$7,000
• C)$17,000
• D)$27,000

---

Definitions:

Adolescents

Young individuals who are in the transitional stage of physical and psychological development from puberty to adulthood.

Dying and Death Situations

Circumstances or conditions related to the process of dying or the moment of death.

Young Adults

Individuals in the transition phase between adolescence and full adulthood, roughly aging from 18 to 25 years, experiencing significant life changes and decisions.

Inevitability of Death

The absolute certainty that death is a natural and unavoidable part of life for all living beings.