1) For available-for-sale investments, state:

Reporting method used

How unrealized holding gain or loss is reported

Balance sheet effects

Income statement effects

Available-for-Sale Investments:
Reporting method used
How unrealized holding gain or loss is reported
Balance sheet effects
Income statement effects

2) Which of the following is included in the entry to record the employer's payroll taxes?

A) a debit to State Unemployment Tax Payable

B) a credit to Payroll Tax Expense

C) a credit to FICAOASDI Tax Payable

D) a credit to Salaries Payable

3) TRUE OR FALSE:

The future value is the bond's market price.

Usually a company does not know the amount of the year-end bonus at year-end.