Describe the Difference in the Calculation of the Realized Gain

question 32

Essay

Describe the difference in the calculation of the realized gain or loss on the sale of an investment when the trading security classification is used relative to use of the available-for-sale classification.

---

Definitions:

Auditory

Pertaining to the sense of hearing or the system of organs and structures involved in hearing.

Taste

One of the five senses, referring to the ability to detect and identify flavors in substances, primarily using the taste buds on the tongue.

Visual

Pertaining to the ability to see or the process of seeing.

Gentle Stroking

A soft and soothing touch or caress intended to provide comfort, reduce stress, or express affection.