Changes in the Market Value of Trading Securities Are Reflected

question 10

Multiple Choice

Changes in the market value of trading securities are reflected in the ________ account.Changes in the market value of available-for-sale securities are reflected in the ________ account.

• A)equity in earnings of investment; retained earnings
• B)retained earnings; equity in earnings of investment
• C)retained earnings; other comprehensive income or loss
• D)other comprehensive income or loss; retained earnings

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Definitions:

Market Research

The method of collecting, analyzing, and understanding data regarding a market, which includes insights about prospective customers and competitors.

Human Needs

Fundamental requirements that are necessary for individuals to live a healthy and content life, such as food, shelter, love, and esteem.

Wants

Desires or wishes that are not necessary for basic survival but are sought after for personal satisfaction or to fulfill societal standards.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, affecting how they think, feel, and behave.