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1. MC.15-98 Held-to-maturity securities are reported at their fair market value on the bala include both stocks and bonds are primarily purchased to earn interest

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1. MC.15-98 Held-to-maturity securities are reported at their fair market value on the bala include both stocks and bonds are primarily purchased to earn interest reve All of these choices are correct on the balance sheet date 2. MC. 15-94 The price that would be received to sell an asset or pay of a liability is the fair value the investing value the market value the historical value nts in which fnancial data for two or more companies are combned as a 3. MC.15-82 called constitutional statements consolidated statements audited statements conventional statements 4. MC.15-70 The equity method of accounting for investments requires the investment be increased by the dividends paid by the investee uires the investment be increased by the reported net income of the investee requires the investment to be reported at its original cost requires a year-end adjustment to revalue the stock to lower of cost or market 5. MC.15-45 Temporary investments include cash equivalents are reported as current assets do not include equity securities . All of these choices are correct. 6. MC.15-50 Cash is used for all of the following activities except O bribing government officials expanding current operations supporting current operating activities replacing worn-out machinery 7. MC.15-90 If one company owns more than 50% of the common a partnership exists the company whose stock is owned must he liqdat stock of another company

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