17. Temporary Investments are recorded at cost but reported at fair market v b. recorded at cost and reported at cost c. d. recorded at cost but reported at lower of cost or fair recorded at fair market value and reported at fair market value market val ither recorded at cost nor reported at fair market value e. nei following items would not affect the investor's income for the period? interest received on a temporary investment (Trading) in bo a. dividends received on a long-term investment in stock (Available for Sale) nds where the investor owns 10% of the investee's/affiliate's dividends received on a long-term investment in stock (Available for Sale) stock c. where the investor owns 30% of the investee's/affiliate's stock d. interest received on a long-term investment in bonds (Held to Maturit e. none of the above y) 19. The order of presentation of activities on the statement of cash flows is a. operating, investing, and financing b. operating, financing, and investing c. financing, operating, and investing d. financing, investing, and operating e. investing, operating, and financing On the statement of cash flows, the cash flows from operating activities would include 20. a. receipts from the issuance of capital stock b. receipts from the sale of investments c. payments for the acquisition of investments d. cash receipts from sales activities e. acquisition of equipment for common stock 21. Which of the following is the dominant principle for preparing manageria accounting reports