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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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