At the End of Its First Year, the Trading Securities

question 157

Multiple Choice

At the end of its first year, the trading securities portfolio consisted of the following common stocks. In the following year, the Benes common stock is sold for cash proceeds of $57,000. The gain or loss to be recognized on the sale is a

• A) gain of $1,200.
• B) loss of $3,000.
• C) gain of $200.
• D) loss of $3,400.

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Definitions:

Community

A group of interdependent organisms living together in a particular area.

Symbiosis

Relationship that occurs when two different species live together in a unique way; it may be beneficial, neutral, or detrimental to one or both species.

Community

A group of interacting living organisms sharing a populated environment, which can include various species in a specific area.

Competition

Results when members of a species attempt to use a resource that is in limited supply.