If a Trading Security Is Sold, the Investment Account Is

question 8

Multiple Choice

If a trading security is sold, the investment account is

• A) Debited for the market value of the security
• B) Credited for the cost of the security
• C) Credited for the market value of the security
• D) Debited for the cost of the security

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Definitions:

Annual Salary

The total earnings of an individual from their job before taxes and other deductions, calculated on a yearly basis.

Merchandise

Goods that are bought and sold in business.

Biweekly

Every two weeks.

Algebraically

Pertaining to the use of symbols and the rules for manipulating those symbols in mathematics to solve equations or express formulas.