Realized gains and losses on investment securities calculated (D). Both a and b
Explanation:
<u>Realized gain/loss</u> is the Total amount of gain and loss realized from the sale of securities.
<u> A realized loss refers to </u>the monetary value of a loss that is the outcome of a trade.
<u> A realized gain </u>is defined as the excessive cost obtained after the deduction of the cost and the prior unrealized losses(or adjusted cost basis) over the proceeds from the sale.
An Unrealized gain can be defined as an increase in the value of the investment which is the outcome of an increase in the market value
Thus we can say that Realized gains and losses on investment securities calculated (D). Both a and b
Answer:
C) Deductible is not a type of insurance
Explanation:
It is the amount of money you pay before the actual insurance claim.
Answer:
48 years
Explanation:
Born on 2 June 1971, Elon Reeves Musk is famous of Space X as well as Tesla. He is an engineer, technology entrepreneur as well as an industrial designer.
He holds citizenship in 3 countries: the USA, South Africa and Canada.
Other information about him can gathered on the internet.
Cheers.
Answer:
Favorable Variance
Explanation:
Any difference between predicted costs and actual costs is refereed to as variance. Favorable variance means the difference was in the company's favor because they predicted one level of income but actually made a higher income than expected.
Answer:
C. Evaluate whether internal controls operated effectively.
Explanation:
Given that, a test of details of the transaction is an activity or process carried out by auditors, which can be done together with the test of control. The purpose of the test of control is, however, to determine the effectiveness of internal control.
Hence, in this situation, the correct answer is option C: Evaluate whether internal controls operated effectively.
