An Unrealized Gain on a Trading Security

question 94

Multiple Choice

An unrealized gain on a trading security:

• A)is recorded when a trading security is sold for more than its cost.
• B)is recorded when a trading security is sold for less than its cost.
• C)is recorded when the fair value of the trading security is more than its cost.
• D)is recorded when the fair value of the trading security is less than its cost.

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Definitions:

Federal Sentencing Guidelines

A set of regulations that determine the punishment for individuals and organizations convicted of federal crimes, encouraging ethical behavior through penalties.

Consumer Misconduct

Any behavior by consumers that is unethical or illegal, including fraud and deceit in the marketplace.

Business Misconduct

Inappropriate, unethical, or illegal actions conducted by individuals or entities in the context of their business operations.

Business Ethics

The principles and standards that determine acceptable conduct in business organizations.