A larger sample size will always result in a smaller sampling error

On its December 31, 2017, balance sheet, Estes Co. reported its investment in trading debt securities, which had cost $500,000, at fair value of $475,000. At December 31, 2018, the fair value of the securities was $492,500. What should Estes report on its 2018 income statement as a result of the increase in fair value of the investments in 2018?

(a) $0 (b) Unrealized loss of $7,500 (c) Realized gain of $17,500 (d) Unrealized gain of $17,500

In a Chapter 7 bankruptcy, the highest priority claim is a:

A) Debt owed for child support. B) Tax obligations. C) Wages earned by the debtor's employees. D) Secured creditors.