If $300$ shares of stock are purchased for $$38$ per share and are sold one year later for $$41$ per share, what is the net gain or loss on the sale? $($Assume that there are no transaction costs.$)$

a$.$ $$900$ gain

b$.$ $$900$ loss

c$.$ $$300$ gain

d$.$ $$300$ loss

In July $20\%5,$ Leaf Company acquired $5,000$ shares of the common stock of Ryan Corporation and classified the shares as trading securities$.$ The following January, Ryan announced a $$100,000$ net income for $20,45$ and declared a cash dividend of $$0\mathrm{.}50$ per share on its $100,000$ shares of outstanding common stock. The Leaf Company dividend revenue from Ryan Corporation in January $20\%6$ would be

a$.$ $$0$

b$.$ $$2,500$

c$.$ $$5,000$

d$.$ $$10,000$

A net unrealized decrease in the value of available$-$for$-$sale securities $($considered as a whole$)$ should be reflected in the current financial statements as

a$.$ An extraordinary item on the income statement which reduces retained earnings

b$.$ A current liability resulting from holding securities

c$.$ Only a disclosure in the notes to the financial statements

d$.$ A valuation allowance which is included in the equity section of the balance sheet

On May $1,$ $$200,000$ of bonds were purchased as a long$-$term investment at $98$ and $$390$ was paid as the brokerage commission. If the bonds bear interest at $10\%,$ which is paid semiannually on January $1$ and July $1,$ what is the total cost to be debited to the investment account?

a$.$ $$196,000$

b$.$ $$200,000$

c$.$ $$196,390$

d$.$ $$200,390$