Locate the latest available set of financial statements for Oncogene Science,Inc., from the 10-K on file in
Question:
Locate the latest available set of financial statements for Oncogene Science,Inc., from the 10-K on file in the EDGAR archives.
Required
a. In what types of short-term securities does Oncogene invest? (The information needed to answer this question can be found in the Notes to the Financial Statements.)
b. According to SFAS No.115,what alternatives are available to Oncogene for reporting its investments in short-term securities?
c. Does Oncogene classify its short-term investments as trading securities, available-for-sale securities, or held-to-maturity securities?
d. Describe how Oncogene’s investments are reflected on the income statement,balance sheet,statement of shareholders’equity,and statement of cash flows.
Step by Step Answer:
Financial Accounting Reporting And Analysis
ISBN: 9780324149999
6th Edition
Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice