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b. investments of less than 20% and investments between 20% and 50% |
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c. investments of less than 20% |
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d. all stock investments should be accounted for using the cost method |
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43. Unrealized gains and losses on trading securities are not included in the calculation of net income.
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39. The account Unrealized Gain (Loss) on Trading Securities should be included in the
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a. Balance sheet as an adjustment to the asset account |
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b. Statement of Retained Earnings |
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c. Income statement as Other Revenue (Expenses) |
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d. Balance sheet as an adjustment to Stockholders’ Equity |
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34. Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?
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b. dividends declared and paid |
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d. a loss on the sale of equipment |
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33. Held to maturity securities
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a. are reported at fair market value |
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b. include stocks as well as bonds |
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c. may be reported as current or noncurrent assets |
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31..The cumulative effects of other comprehensive income items is included in retained earnings, on the balance sheet.
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