Question
At the beginning of first quarter 2020, the bank buys an available-for-sale security for $150. At the end of the first quarter the price is
At the beginning of first quarter 2020, the bank buys an available-for-sale security for $150. At the end of the first quarter the price is $170. The bank sells the security at $180 at the end of the second quarter 2020.
During the second quarter 2020 (i.e. between the beginning and the end of the second quarter) the bank shareholders' equity ______________, the retained profit ___________________ and the capital reserve _____________________..
A. | increased by $10; increased by $30; increased by $20 | |
B. | increased by $10; increased by $30; decreased by $20 | |
C. | did not change; increased by $30; decreased by $30 | |
D. | increased by $30; increased by $10; increased by $20 | |
E. | decreased by $10; decreased by $30; increased by $20 |
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