Question
At the beginning of second quarter 2020, the bank buys a trading security for $150. At the end of the second quarter the price is
At the beginning of second quarter 2020, the bank buys a trading security for $150. At the end of the second quarter the price is $170. The bank sells the security at $200 at the end of the third quarter 2020.
In net, over the third quarter (i.e. comparing situation at two moments in time: the end of the second quarter and the end of the third quarter), the retained profit ___________________ , the capital reserve _____________________ and the bank shareholders' equity ______________, .
A. | increased by $30; decreased by $20; increased by $30 | |
B. | increased by $30; decreased by $50; did not change | |
C. | increased by $50; decreased by $20; increased by $50 | |
D. | increased by $30; did not change; increased by $30 | |
E. | decreased by $50; did not change; decreased by $50; |
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