Examlex
On May 15, Tumbleweed, Inc. purchased 10,000 shares of Dansell Corp. for $80,000. The securities are considered available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On September 30, the stock had a market value of
$85,000. The $5,000 difference must be reported on Tumbleweed's income statement as a $5,000 gain.
Discriminate
To differentiate or make distinctions between individuals or groups often based on prejudice or unjust grounds such as race, sex, or age.
Caste System
A traditional form of social stratification characterized by hereditary transmission of lifestyle, occupation, and social status.
Slavery
A system in which individuals are owned by others, denied freedom, and forced to work without any form of compensation.
Digest
To break down information for easier understanding or to convert food into absorbable substances in the body.
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