Question
For each of the following items, select how each would be classified on the balance sheet. Choose from the following classifications: A. Cash and Cash
For each of the following items, select how each would be classified on the balance sheet.
Choose from the following classifications:
A. Cash and Cash equivalents
B. Trading Security
C. Available for Sale
D. Held to Maturity
E. Equity Securities No Influence
F. Equity Method Significant Influence
G. Consolidation Legal Control
Item | A, B, C, D, E, or F |
Money market fund established with First State Bank |
|
Dell Corp. Preferred stock. The company acquired 75% of the outstanding shares, and has no plans to sell them. |
|
Purchased 100% Zorro Common stock, stock to be held indefinitely. |
|
1,000 shares of Watson Motors common stock representing a 40% ownership |
|
$1,000 bonds of XYZ Company to be sold in the near future. |
|
Zip Inc common stock representing a 60% ownership |
|
Ford Motors Corporate Bonds. The company intends to hold the bonds until they need cash. |
|
Commercial paper issued by ABCO Corporation with a maturity of 60 days |
|
A twelve-month U.S. Treasury bill |
|
ABCO bonds maturing in 10 years. The company intends to hold the bonds until they mature |
|
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