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
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:
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Trading Securities |
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Equity Securities |
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Held to Maturity Securities |
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Available for Sale Securities |
Question 2
What is the most important factor in determining the accounting for investments?
Question 2 options:
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Whether the investment is debt or equity |
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The timed planned of conversion |
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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:
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Cash |
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Dividend income |
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Dividend revenue |
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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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