ABC Company Purchases a Trading Security for $12,000

question 126

Multiple Choice

ABC Company purchases a trading security for $12,000. The entry to record this transaction will include a:

• A) debit to the Investment account.
• B) credit to the Investment account.
• C) debit to the Unrealized Gain account.
• D) credit to the Dividend Revenue account.

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Definitions:

Caudal Lobe

Refers to a division or section at the rear or tail end of some organs or structures, particularly in the lungs or liver.

Glottis

The opening between the vocal cords in the larynx, through which air passes during breathing and speech.

Caudal Lobe

A segment of the lung located towards the back and lower part of the thoracic cavity.

Vocal Ligaments

Vocal ligaments are bands of elastic tissue within the larynx; they are attached to the vocal cords and help produce sound by vibrating as air passes through the cords.