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6 Interest and dividend income on non - strategic investments a . are expensed using impairment b . are considered operating line items on the

6 Interest and dividend income on non-strategic investments
a. are expensed using impairment
b. are considered operating line items on the income statement
c. are considered non-operating line items on the income statement
d are recorded "after taxes"
7 One of the challenges of the cost-to-cost method of recognizing revenue
a. the difficulty of establishing allowances
b. has been existence of historic inflation over the last few years
c. is the absence of good records
d is that this process "cost-to-cost" is illegal
8 If the price/value of an asset such as a bond includes accrued interest, we are most likely
a. a clean price
b a dirty price
c. book value
d an asset identified as "available for sale"
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