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)\(\begin{array}{lc} \text { Cash } & 38,000 \\ \text { Loss on Sale of Investments } & 2,000 \\ \quad \text { Long-Term Investments } &&40,000 \end{array}\)

Grasp the significance of public availability of insider trading information and regulatory disclosure requirements.

Recognize the limitations of earning excess returns through public inside trades.

Analyze how evidence indicates the efficiency level of U.S. stock markets.

Understand the concept of attentional blink and its impact on the perception of rapid sequential stimuli.