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Katie and Natasha are sisters. Natasha has a lot of friends and is well liked by her peers. Katie, in contrast, has few friends and is constantly the target of her peers' teasing. Using the four factors Scarr identified as involved in differences among siblings, describe why these sisters might be so different when it comes to their peer relations. For each of the four factors, provide a specific example.
Fair Value Adjustment-Trading
The process of adjusting the valuation of trading securities to reflect their current market value.
Adjusting Journal Entry
A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the correct period.
Stock Investments
Stock investments refer to the purchasing of shares in companies as a means of owning a portion of the company and potentially earning dividends or capital gains.
Journal Entries
The recordings of financial transactions in an accounting system which form the basis of building financial statements.
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