22.Which of the following statements is true? Question 22 options: Trading securities are reported at cost in the balance sheet. Trading securities are debt securities that the investor has the intent to hold to maturity. Trading securities are securities that are not intended to be sold in the future. Trading securities are securities bought and held primarily for sale in the near term.

23.Dividends received are credited to what account under the equity method and cost method, respectively? Question 23 options: Equity Method Cost Method Stock Investments Dividend Revenue Equity Method Cost Method Dividend Revenue Dividend Revenue Equity Method Cost Method Dividend Revenue Stock Investments Equity Method Cost Method Stock Investments Stock Investments

24.In accounting for available-for-sale securities, the Unrealized Loss on Available-for-Securities account should be classified as a: Question 24 options: liability on the balance sheet. contra asset on the balance sheet. deduction in the stockholders' equity section of the balance sheet. loss on the income statement.

25.Reporting investments at fair value is applicable to: Question 25 options: held-to-maturity securities. trading securities only. both available-for-sale and trading securities. available-for-sale securities only. 26.Sailor Corporation has the following stock outstanding: 6% Preferred, $100 par $1,000,000 Common Stock, $50 par 2,000,000 No dividends were paid the previous 2 years. If Sailor declares $250,000 of dividends in the current year, how much will common stockholders receive if the preferred stock is cumulative? Question 26 options: $60,000. $70,000. $180,000. $190,000.