which of the following stock investments should be accounted for using the cost method?

a. investments between 20 % and 50%
b. investments of less than 20% and investments between 20% and 50%
c. investments of less than 20%
d. all stock investments should be accounted for using the cost method

 

43. Unrealized gains and losses on trading securities are not included in the calculation of net income.

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a. true
b. false

39. The account Unrealized Gain (Loss) on Trading Securities should be included in the

a. Balance sheet as an adjustment to the asset account
b. Statement of Retained Earnings
c. Income statement as Other Revenue (Expenses)
d. Balance sheet as an adjustment to Stockholders’ Equity

 

34. Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?

a. gain on sale of land
b. dividends declared and paid
c. depreciation expense
d. a loss on the sale of equipment

 

 

33. Held to maturity securities

a. are reported at fair market value
b. include stocks as well as bonds
c. may be reported as current or noncurrent assets
d. all of the above

31..The cumulative effects of other comprehensive income items is included in retained earnings, on the balance sheet.

a. true
b. false

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