Measurement of trading securities at _____ reflects income when it occurs in the form of a change in _____, not when the investor realizes a gain or loss _____
a. fair value; fair value; at the time of sale
b. net realizable value; fair value; at the time of sale
c. net realizable value; future value; in Other Comprehensive Income
d. realizable value; future value; in Other Comprehensive Income
e. future value; future value; in Other Comprehensive Income
A
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Which of the following is/are true about goodwill?
a. Goodwill reflects the value of knowledgeable employees. b. Goodwill reflects the value of a reputation for quality products. c. Under both U.S. GAAP and IFRS, goodwill has an indefinite life, and firms do not amortize the amount recognized as goodwill. d. Firms must test goodwill annually for a loss in value. e. all of the above
If the dividend amount of preferred stock, $50 par value, is quoted as 8%, then the dividends per share would be $4
Indicate whether the statement is true or false
Al Guardino ran a retail greenhouse. In the fall, he visited Heidi Green's plant and tree farm to place an order for the following season. He spent a lot of time examining her stock
It looked healthy, so he placed a large order to be delivered in the spring. When it arrived, he was busy and only glanced at the items, which he thought looked fine. After a few weeks in the greenhouse, however, he noticed some disease damage, which must have occurred before the plants were shipped. What are Al's remedies? A) He can obtain damages for breach of warranty. B) He has no remedy. He was able to compare the goods delivered with the sample and chose not to. C) The defect in the goods delivered was not apparent on a reasonable examination of the sample. D) He can rescind the contract for breach of condition. E) Both C and D.
A cryptanalyst is someone who uses cryptanalysis to find flaws in cryptographic algorithms
Indicate whether the statement is true or false