A decrease in the fair value of a security that has not yet been realized through an actual sale of the security is called a(n):
A. Realizable loss.
B. Contingent loss.
C. Market loss.
D. Capitalized loss.
E. Unrealized loss.
Answer: E
You might also like to view...
Which of the following control plans is most likely to appear in the input validity and input accuracy columns, but not in the input completeness column of a control matrix for the billing process?
a. independent billing authorization b. reconcile input and output batch totals c. check for authorized prices, term, freight, and discounts d. procedures for rejected inputs
What are two disadvantages of decentralization?
______ influences managers’ judgments of the frequency, probability, or likely causes of an event.
A. Representativeness B. Anchoring C. Heuristics D. Availability
The ________ is calculated by dividing total liabilities by total assets.
A. inventory turnover B. debt ratio C. net profit margin D. current ratio