Which of the following is/are true regarding securities classified as available-for-sale?
a. they must be tested for impairment and if they are impaired, the firm treats the unrealized loss in Accumulated Other Comprehensive Income as if it were realized.
b. they must be tested for impairment and if they are impaired, the firm treats the unrealized loss in Net Income as if it were realized.
c. they are not tested for impairment and do not effect Accumulated Other Comprehensive Income.
d. they are not tested for impairment and do not effect Net Income.
e. they must be tested for impairment and if they are impaired, the firm treats the unrealized loss in Retained Earnings as if it were realized.
A
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Personal loans from family members or friends
A) are not good sources of financing. B) are more expensive than loans from other sources. C) should have a loan agreement in writing to avoid problems later on. D) are not desirable from the lender's point of view.
The following information regarding a portfolio of two stocks are given: w1 = .25, w2 = .75, E(R1) = .08, and E(R2) = .15 . Which of the following regarding the portfolio expected return, E(Rp), is correct?
a. .3640 b. .2300 c. .1325 d. .1699
The acquiescence policy of the IRS extends to the
A) U.S. Supreme Court decisions. B) U.S. Tax Court regular decisions. C) U.S. District Court decisions. D) both B and C
Which of the following errors can occur when adding additional characters to a field?
A) Transposing B) Appending C) Transcripting D) Truncating