| 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.
Get your paper done on time by an expert in your field.
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?
|
|
|
b. dividends declared and paid |
|
|
|
|
|
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 |
|
|
|
|
31..The cumulative effects of other comprehensive income items is included in retained earnings, on the balance sheet.
Click for answers
Order now
Turn in your highest-quality paper
Get a qualified writer to help you with
“ which of the following stock investments should be accounted for using the cost method? ”
Get high-quality paper
NEW! AI matching with writer
