Which of the Following Constitutes a Realization

question 132

Multiple Choice

Which of the following constitutes a realization?
I.Jamie prepares a will for Wilson. He pays her by painting her house.
II.Jones' cow gives birth. The calf will become a member of Jones' feeder cattle herd.
III.Oak Ridge Coal Company's coal mine reserves were recently appraised at $5,750,000 more than the previous year's appraisal.
IV.Lea's employer gives her (and all other salaried employees) a weekend in Orlando in recognition of their efforts to make this a successful year.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Only statements I and II are correct.
• D)Only statements I and IV are correct.
• E)Only statements II, III, and IV are correct.

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Definitions:

LDC

An acronym for Less Developed Country, referring to a nation with a lower level of industrialization and lower living standards.

Malawi

A landlocked country in southeastern Africa known for its diverse landscapes ranging from the Great Rift Valley to highlands and extensive lake Malawi.

Taiwan

An island in East Asia, known for its rapid economic growth since the latter half of the 20th century and its vibrant democracy.

NICs

Acronyms for National Insurance Contributions, payments made by employees and employers in the UK to fund various state benefits.