A Realized Gain on Temporary Investments

Multiple Choice

A realized gain on temporary investments:

A) occurs when the investment increases in price and the company still holds it.
B) is the difference between the selling price of the investment and its original purchase price.
C) is the difference between the selling price of the investment and the most recent carrying value of the investment when the investment is sold.
D) occurs when the investment recovers in price to their original cost if a loss was previously recorded.