Question
-17 --------------------------------------------------------------------------------------------------------- 17-10 21. Which of the following is not a debt security? . 17-11 29. Equity securities acquired by a corporation which are accounted
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17-10 21. Which of the following is not a debt security?
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17-11 29. Equity securities acquired by a corporation which are accounted for by recognizing unrealized holding gains or losses as other comprehensive income and as a separate component of stockholders' equity are
17-12 49. Under the equity method of accounting for investments, an investor recognizes its share of the earnings in the period in which the
17-13 71. Kern Company purchased bonds with a face amount of $xxx,000 between interest payment dates. Kern purchased the bonds at xx, paid brokerage costs of $x, and paid accrued interest for three months of $x. The amount to record as the cost of this long-term investment in bonds is
17-14 92. During 2xx1, Woods Company purchased 20,000 shares of Holmes Corp. common stock for $315,000 as an available-for-sale investment. The fair value of these shares was $300,000 at December 31, 2xx1. Woods sold all of the Holmes stock for $17 per share on December 3, 2xx2, incurring $14,000 in brokerage commissions. Woods Company should report a realized gain on the sale of stock in 2xx2 of
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