At the End of the First Year of Operations the Total

question 26

Multiple Choice

At the end of the first year of operations the total cost of the trading securities portfolio is $245000. Total fair value is $250000. The financial statements should show

• A) an addition to an asset of $5000 and a realized gain of $5000.
• B) an addition to an asset of $5000 and an unrealized gain of $5000 in the stockholders' equity section.
• C) an addition to an asset of $5000 in the current assets section and an unrealized gain of $5000 in "Other revenues and gains."
• D) an addition to an asset of $5000 in the current assets section and a realized gain of $5000 in "Other revenues and gains."

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Definitions:

Marketing Plans

Strategic documents that outline the marketing strategies, tactics, activities, costs, and projected results for a specific time period.

Potential Ways

Various methods or approaches that could be employed to achieve certain goals or solve specific problems.

Managers

Individuals responsible for planning, organizing, leading, and controlling the activities of an organization to achieve business goals.

Planning Process

A series of steps taken to achieve a specific goal, typically involving setting objectives, developing strategies, and outlining tasks and schedules.