The Holding Gains Account Should Record Gains Made in Valuation

question 2

Multiple Choice

The holding gains account should record gains made in valuation of;

• A)stock.
• B)stock + plant & equipment.
• C)stock + plant & equipment + land.
• D)property plant & equipment.

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Definitions:

Abstinence

The practice of refraining from indulging in certain activities or behaviors, especially those considered harmful or addictive, such as sexual activity, alcohol, and drugs.

Family Preservation

A social service philosophy and practice aimed at keeping families together, preventing unnecessary placement of children into foster care by offering supports and interventions.

Maltreated Children

Children who have experienced abuse, neglect, or any form of harmful treatment by caregivers or others.

Resource Enhancement

The act of increasing or improving assets and strengths available to individuals, organizations, or communities for achieving desired outcomes.