Use the Following Information to Answer Questions

question 32

Multiple Choice

Use the following information to answer questions
Wells Inc.reported these transactions relating to marketable trading investments intended to generate profits and to be sold in the near term:

-The entry, if any is required, to record the value of the investment on December 31 would include a debit to

• A)Realized Loss for $450.
• B)Unrealized Loss for $750.
• C)No entry is required.
• D)Unrealized Loss of $450.

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Definitions:

Anthropoids

The suborder of primates that includes New World monkeys, Old World monkeys, and apes (including humans).

Taxonomically

Pertaining to taxonomy, the science of classification, especially in biology for the classification of organisms into a systematic framework such as kingdoms, phyla, and species based on shared characteristics and genetic heritage.

Collarbone (Clavicle)

A bone located horizontally across the front of the shoulder, connecting the arm to the body.

Primates

An order of mammals that includes humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and opposable thumbs.