Stock Categorized as Trading Securities Is Purchased for $72,000

question 47

Multiple Choice

Stock categorized as trading securities is purchased for $72,000.At year end,when the market value of the stock is $63,000,the adjusting entry that would be recorded is:

• A)Allowance to Adjust Short-Term Investments to Market 9,000 Unrealized Loss on Investments 9,000
• B)Unrealized Loss on Short-Term Investments 9,000 Allowance to Adjust Short-Term Investments to Market 9,000
• C)Allowance to Adjust Short-Term Investments to Market 9,000 Short-Term Investments 9,000
• D)Realized Loss on Investments 9,000 Short-Term Investments 9,000

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Definitions:

Pressure Injury

Damage to the skin and underlying tissue resulting from prolonged pressure on the skin.

Braden Scale

A tool used in healthcare to predict the risk of developing pressure ulcers by assessing a patient's mobility, moisture, activity, nutrition, friction, and shear.

Morse Scale

A tool used in healthcare to assess a patient's risk of falling.

Ineffective Breathing Pattern

A respiratory condition marked by the inability to breathe in an optimal or efficient manner, potentially leading to insufficient oxygenation or removal of carbon dioxide from the body.