Question
For the first Q you can choose more than one Question 1 Which investments require fair value adjustments at the close of the period? Question
For the first Q you can choose more than one
Question 1
Which investments require fair value adjustments at the close of the period?
Question 1 options:
Trading Securities | |
Equity Securities | |
Held to Maturity Securities | |
Available for Sale Securities |
Question 2
What is the most important factor in determining the accounting for investments?
Question 2 options:
Whether the investment is debt or equity | |
The timed planned of conversion | |
The percentage of ownership in the investee |
Question 3
When using the equity method of accounting, we credit which account when we receive a dividend?
Question 3 options:
Cash | |
Dividend income | |
Dividend revenue | |
Investment |
Question 4
Held to maturity securities, trading securities, and available for sale securities can all be either debt or equity.
Question 4 options:
True | |
False |
Question 5
Question 5 options:
If we own between........ and....... %, we must use the equity method.
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