Please specify whether its true or false.

ALSE. Enter 'A, if the statement is true and eB" ifthe statement ihl? 5) Marketable securities include investments in bonds and in the capital stocks of 15) publicly traded corporations 6) An unrealized holding gain on available for sale securities will increase shareholders' equity 17) Gains (or losses) on sales of marketable securities, as well as any unrealized holding 1 gains (or losses) on investments in available for sale securities, are reported in the income statement 18) Dividend revenue and interest revenue are reported in the income statement as a 18) component of a company's net income 19) In order to maximize sales and profits, effective internal control over receivables 19)-- ensures that credit is extended to all customers who request credit 20) If the allowance method is used, the recovery of an account receivable previously20) written-off results in a gain being recorded on the income statement 21) The Allowance for Doubtful Accounts is called a valuation account, or contra-asset 21) account, and normally has a credit balance