Corporate accountability can be increased by imposing strict disclosure requirements and harsh penalties for securities laws
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Six months ago, a company purchased an investment in debt for $71,450. The investment is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. The current fair value of the debt is $68,000. The company should record a:
A. Credit to Unrealized Gain-Equity for $3450. B. Debit to Unrealized Loss-Equity for $3450. C. No entry is required. D. Credit to Investment Revenue for $3450. E. Debit to Investment Revenue for $3450.
State and local income taxes are itemized deductions against federal gross income
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A breach by the buyer will shift the risk of loss to the buyer as soon as the breach occurs if the
risk has not already shifted. Indicate whether the statement is true or false
Usury involves the charging of interest rates in excess of the rate allowed by law
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