The Data Below Pertains to the Values of Various FVTPL

question 123

Multiple Choice

The data below pertains to the values of various FVTPL investments held by a client company: $$\begin{array} { | l | r | l | l | } \hline \text { Stock }&\text { Shares } & \text { Cost } & \text { Market Value (1281/2011) } \\\hline X & 500 & \$ 30 = \$ 15,000 & \$ 24 = \$ 12,000 \\\hline Y & 1,000 & 20 = 20,000 & 30 = 30,000 \\\hline Z & 750 & 24 = 18,000 & 30 = 22,500 \\\hline\end{array}$$ The company's entire FVTPL portfolio should be valued at which amount on December 31^st, 2011?

• A) $50,000
• B) $53,000
• C) $64,500
• D) $67,500

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Definitions:

Advancement

The process of moving forward or making progress, especially in terms of career or personal development.

Developmental Relationship

A connection between individuals where one or more parties benefit from growth, learning, and personal or professional improvement.

Female Managers

Women who hold management positions in organizations, supervising the work of others and involved in strategic decision-making.

Male-Dominated Industries

Sectors of the economy where the workforce or leadership is predominantly male.