The Following Information Is Taken from the Accounts of Ray

question 50

Multiple Choice

The following information is taken from the accounts of Ray Ltd.
-What was the value of motor vehicles purchased for cash?

• A) $140 000
• B) $190 000
• C) $250 000
• D) $80 000

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Definitions:

Dividend Capture

A strategy in which an investor purchases securities to own them on the day of record and then quickly sells them; designed to attain dividends but avoid the risk of a lengthy hold.

Securities

Securities that signify ownership in a corporation listed on the stock market, a debt obligation with a government entity or company (bond), or entitlements to ownership through an option.

Day of Record

The date set by a company on which the investors must be on the company's books in order to receive a dividend.

Money Market Instruments

Short-term debt instruments, usually with a maturity of less than one year, used for borrowing and lending in the money market.