Sanders Company Began Business in February of 2013

question 61

Multiple Choice

Sanders Company began business in February of 2013.During the year,Sanders purchased the three trading securities listed below.On its December 31,2013,balance sheet,Sanders appropriately reported a $4,000 credit balance in its Market Adjustment--Trading Securities account.There was no change during 2014 in the composition of Sanders' portfolio of trading securities.Pertinent data are as follows: What amount of loss on these securities should be included in Sanders' income statement for the year ended December 31,2014?

• A) $0
• B) $3,000
• C) $7,000
• D) $11,000

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Definitions:

Flagella

Long, whip-like structures that protrude from the cell body of certain organisms, used for movement.

Selectively Permeable

A characteristic of cell membranes that allows certain molecules or ions to pass through it by means of active or passive transport, while blocking others.

Transport Proteins

Proteins that span the cellular membrane and regulate the movement of substances across it, essential for cellular function and homeostasis.

Cytoplasm

The jelly-like substance within a cell that contains the organelles and is enclosed by the cell membrane.