If the Balance in Cash Short and Over at the End

question 47

True/False

If the balance in Cash Short and Over at the end of a period is a credit, it should be reported as "Other Income" on the income statement.

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Definitions:

Exercise Price

The cost at which an options contract holder has the right to purchase (in the case of a call option) or sell (with a put option) the base asset.

Put Option

It's a financial arrangement granting someone the choice, but excluding the duty, to dispose of an allocated quantity of an essential asset at a certain value within an allotted interval.

Buyer

An individual or entity that purchases goods or services in a transaction.

Strike Price

The specified price at which an options contract can be exercised.