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."

---

Definitions:

Carl Rogers

An influential American psychologist known for developing the client-centered approach to psychotherapy and his contributions to humanistic psychology.

Mental Abilities

The cognitive functions and capabilities of the brain, including reasoning, memory, problem-solving, and understanding.

Personality Structure

A framework used in psychology to categorize and understand the different components that make up human personality, such as traits, behaviors, and thought processes.

Spearman

A reference to Charles Spearman, a psychologist who contributed significantly to the development of factor analysis and the concept of general intelligence.