Use This Information to Answer the Following Question $\begin{array}{l}\text { Long-Term Investments }&38,000 \\\text { Cash }&&38,000\end{array}$

question 132

Multiple Choice

Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation:
The entry to record the sale of 1,000 shares of Carey Corporation common stock is:

• A)\(\begin{array}{l} \text { Long-Term Investments }&38,000 \\ \text { Cash }&&38,000 \end{array}\)
• B)\(\begin{array}{llr} \text { Long-Term Investments } &38,000\\ \text { Allowance to Adjust Long- Term Investments to Market } &&38,000\\ \end{array}\)
• C)\(\begin{array}{llr} \text { Allowance to Adjust Long -Term Investments to Market } &38,000\\ \text { Cash} & &38,000\\\ \end{array}\)
• D)\(\begin{array}{lc} \text { Cash } & 38,000 \\ \text { Loss on Sale of Investments } & 2,000 \\ \quad \text { Long-Term Investments } &&40,000 \end{array}\)

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Definitions:

Quality Cost Report

A financial report that outlines the costs associated with ensuring product quality, including prevention, appraisal, and failure costs.

Supervision

Supervision involves overseeing and guiding employees or processes to ensure tasks are completed efficiently and effectively, adhering to standards and achieving objectives.

Prevention Costs

The costs incurred to prevent defects in products or services, including quality planning and training.

Appraisal Costs

The expenses related to ensuring that a product or service meets quality standards, including the costs of inspections, testing, and quality audits.