Mega Company Receives Net Proceeds of $73,000 on the Sale

question 48

Multiple Choice

Mega Company receives net proceeds of $73,000 on the sale of stock investments that cost $79,000. This transaction will result in reporting in the income statement a

• A) loss of $6,000 under "Other expenses and losses."
• B) loss of $6,000 under "Operating expenses."
• C) gain of $6,000 under "Other revenues and gains."
• D) gain of $6,000 under "Operating revenues."

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Definitions:

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, causing flashbacks, nightmares, and severe anxiety.

Traumatic Event

An incident that causes psychological, physical, or emotional distress or harm, often leading to lasting mental health issues.

Emotional Support

Assistance provided through empathy and concern, offering comfort and reassurance during times of stress.

Repression

A defense mechanism proposed by Freud, wherein unpleasant memories, desires, or thoughts are excluded from conscious awareness.