Drama Products Inc has issued redeemable preferred stock. For analysis purposes, these securities are best classified as:
a. marketable securities.
b. long-term investments.
c. long-term debt.
d. paid-in capital.
e. retained earnings.
C
You might also like to view...
The smoothing of pension expense is:
A. not allowed by GAAP if the sole purpose is to prevent earnings volatility. B. illegal and prohibited by SEC. C. allowed through amortization and deferral to prevent volatility in earnings. D. unethical and not allowed by GAAP.
While hierarchical and network data models require relationships to be formed at the database creation, relational data models allow relationships to be created and updated as needed.
Answer the following statement true (T) or false (F)
Your textbook introduced the term "Yammer" in Chapter 3. What is it?
A) a form of communication using both verbal and nonverbal language B) a program that allows people to communicate effectively from one organization to another one C) a social networking tool for employees to connect online behind a firewall D) a social media advertising tool that organizations use to communicate with the general public
Treasury stock is a contra equity account
Indicate whether the statement is true or false