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Truth and false a)The level of influence and control over another firm is a crucial aspect in evaluating the correct accounting technique for an
Truth and false a)The level of influence and control over another firm is a crucial aspect in evaluating the correct accounting technique for an investment in the common stock of another company. b)Investments in bonds intended to be sold before they reach maturity should be reported under the fair value method. c)Dividends appear as an expense on the corporation's income statement. d) If the board of directors fails to declare the quarterly dividend on the corporation's common stock, the dividend will be added to the company's liabilities. e) The formula for interest expense is written as follows: MV = CV f) It is termed as Premium Bonds when we pay more than face value. g) (Cash + Short-term Investments + Accounts Receivable, Net)/ Current Liabilities is equal to Liabilities.
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