The Market Value of an Available-For-Sale Security Has Increased from the Last

question 116

Multiple Choice

The market value of an available-for-sale security has increased from the last carrying value. The journal entry to record this increase will include:

• A)a credit to the Allowance to Adjust Investment to Market.
• B)a credit to the Unrealized Gain on Investment.
• C)a debit to the Unrealized Gain on Investment.
• D)none of the above.

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Definitions:

Confucianism

East Asian philosophy–religion based on the teachings of the Chinese philosopher Confucius (551–479 BCE). Confucianism is concerned with harmonious social and political relationships, good leadership, and getting along with others through cultivating personal virtue. The central question in Chinese thought generally is the ethical question of what is the good life. For Confucius, the answer was to live in harmony with other human beings, and his philosophy focuses on “the Way” (Dao or Tao) to do that.

Social Order

The system of organized and patterned social arrangements and structures that inform the behavior and expectations of members within a society.

Ontologies

In philosophy, refers to the study of being or existence, and in computer science, a structured framework for organizing information or knowledge.

Hinduism

Ancient religion of India that stresses the unity of all being and the ideal of oneness with ultimate reality.