The Gain or Loss on the Sale of an Investment

question 74

Multiple Choice

The gain or loss on the sale of an investment classified as "available-for-sale" is measured by comparing the amount received from the sale of investment with the:

• A)market value of the investment.
• B)lower-of-cost-or-market value of the investment.
• C)cost of the investment.
• D)amortized cost of the investment.

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Definitions:

Amplitude

In physics, the maximum extent of a vibration or oscillation, measured from the position of equilibrium.

Pitch

In music, the quality of a sound governed by the rate of vibrations producing it; the degree of highness or lowness of a tone.

Absolute Threshold

The minimum amount of stimulation needed for a stimulus to be detected by the senses.

Loudness

The subjective perception of the intensity of sound, often associated with the amplitude of sound waves.