Use the Following Information to Answer Questions

question 106

Multiple Choice

Use the following information to answer questions
Wells Inc.reported these transactions relating to marketable Trading Investments intended to generate net income and to be sold in the near term:

-The entry to record the sale of the shares on Oct 1 would include a

• A)credit to Trading Investments for $3,800.
• B)credit to Realized Gain for $800.
• C)credit to Unrealized Gain for $800.
• D)debit to Unrealized Gain for $3,800.

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Definitions:

Esteem

The respect and admiration that an individual is regarded with by others.

Esteem Needs

According to Maslow's hierarchy of needs, these are the requirements for respect, self-esteem, and respect from others, crucial for an individual's well-being.

Public Rewards

Recognition or incentives given to individuals or groups in a public setting, aimed at reinforcing certain behaviors or achievements.

Self-actualization Needs

Abraham Maslow's hierarchy's highest level, where individuals seek to realize their personal potential and achieve peak experiences.