An Investment in Common Shares at Fair Value Through Other

question 83

True/False

An investment in common shares at fair value through other comprehensive income acquired during 2014 at a cost of $46,000 has a market value on December 31,2014,of $46,721.The adjusting entry requires a debit to long term investments (at fair value through other comprehensive income)for $721.

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Definitions:

Probable Stage

A phase or condition where something is likely to occur or is expected based on current evidence or trends.

Education and Income

The correlation between the level of education attained by individuals and their potential to earn higher incomes.

Maintenance Stage

A phase in the change process where individuals consolidate the gains achieved and prevent relapse.

Retaining Job Status

The process or action of keeping one's current position or rank within the workplace.