The Entry to Record a Sale of Trading Securities for $65,000

question 53

Multiple Choice

The entry to record a sale of trading securities for $65,000 on January 3, 2018, that were purchased for $52,000 on November 21, 2017, and had a fair value on December 31, 2017, of $57,000 would include a

• A) credit to Unrealized Holding Gain/Loss-Trading Securities of $8,000
• B) debit to Unrealized Holding Gain/Loss-Trading Securities of $5,000
• C) debit to Investment in Trading Securities of $5,000
• D) credit to Gain on Sale of Trading Securities of $8,000

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Definitions:

Superior Performance

Exceptionally high levels of achievement or effectiveness compared to typical or average standards.

Participative Leadership

A leadership style where leaders involve employees in decision-making processes, considering their input and fostering a collaborative work environment.

Servant Leadership

A leadership philosophy that emphasizes the importance of serving others as the primary role of a leader, focusing on the growth and well-being of communities and individuals.

Showing Interest

The act of expressing or demonstrating curiosity or concern towards someone or something.