Permanent Value Declines in Available-For-Sale Securities Should Be

question 40

Multiple Choice

Permanent value declines in available-for-sale securities should be

• A)recorded in the allowance account
• B)included in income as a realized loss
• C)amortized over the remaining life of the security
• D)recorded similarly to temporary declines in value

---

Definitions:

Limbic System

A complex system of nerves and networks in the brain, involved in emotions and drives, such as fear, pleasure, and survival instincts.

Regulates Hunger

The function of specific hormones, like ghrelin and leptin, and brain mechanisms that control the sensation of hunger and signal the need to consume food.

Hypothalamus

A region of the brain responsible for producing hormones that regulate body temperature, hunger, moods, release of hormones from many glands, especially the pituitary gland, and sleep cycles.

Evolutionary History

The branch of biology that studies the origins and changes in the diversity of life over time, explaining how and why species have evolved and become extinct.