Greg Financial Services Invested $15,000 to Acquire 3,750 Shares of Mitt

question 79

Multiple Choice

Greg Financial Services invested $15,000 to acquire 3,750 shares of Mitt Investments on March 15, 2012. This investment represents less than 20% of the investee's voting stock. On May 7, 2016, Greg Financial Services sells 1,750 shares for $12,250. In the balance sheet at May 7, 2016:

• A)total assets will remain unchanged.
• B)total assets will decrease.
• C)total liabilities will decrease.
• D)total equity will increase.

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Definitions:

Score Variability

A statistical measure that reflects the dispersion or spread of scores within a set of data.

Multiple Intelligences

A theory proposed by Howard Gardner, suggesting that individuals have various kinds of intelligences, including logical-mathematical, linguistic, musical, spatial, and more.

Spatial Reasoning

The ability to visualize and manipulate objects and their relationships in space.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which suggests that intelligence is not a single innate ability but rather a combination of multiple distinct types of intelligences.