When Shares of Stock Held as an Investment Are Sold

question 9

Multiple Choice

When shares of stock held as an investment are sold, the difference between the proceeds and the balance of the investment account is recorded as a(n)

• A) prior period adjustment
• B) operating income and losses
• C) paid-in capital addition
• D) gain or loss

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Definitions:

Indifference Curves

Graphical representations of combinations of two goods between which a consumer is indifferent.

Avocados

A fruit with a green, creamy texture and rich, nutty flavor, often used in culinary dishes and valued for its health benefits.

Grapefruits

A large, round citrus fruit with a rich, slightly bitter flavor, known for its health benefits and use in diets and cooking.

Indifference Curves

Curves representing combinations of two goods between which a consumer is indifferent, meaning any combination along the curve gives the same level of satisfaction.