Two Uncharged Metal Spheres, L and M, Are in Contact

question 22

Multiple Choice

Two uncharged metal spheres, L and M, are in contact.A negatively charged rod is brought close to L, but not touching it, as shown.The two spheres are slightly separated and the rod is then withdrawn.As a result:

• A)both spheres are neutral
• B)both spheres are positive
• C)both spheres are negative
• D)L is negative and M is positive
• E)L is positive and M is negative

Understand the key principles of accounting for investments and the rationale behind using fair value or cost methods.

Identify the classifications of investments on the balance sheet and their treatment according to GAAP.

Recognize the difference between realized and unrealized gains or losses and their impact on financial statements.

Distinguish between trading securities, available-for-sale securities, held-to-maturity investments, and the equity method in terms of accounting treatment.

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