At the beginning of the year, Joan Steel, Inc purchased 10,000 shares of Smith Metals, Inc for $34,000 in exchange for cash and now holds 3
2% of the voting stock of Smith Metals, Inc The management of Joan Steel intends to hold this stock for two years. Assuming no other transaction happened during the year, the ________ in the balance sheet will increase.
A) long-term investments
B) cash
C) total assets
D) current assets
A
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In June of 2011, IASB amended IAS 19, Employee Benefits, changing its method of accounting for pensions in order to make the accounting for pensions similar under U.S. GAAP and IFRS
Indicate whether the statement is true or false
There ________ some men waiting for help, but the reason for their difficulties ________ unclear
A) is/seems B) is/seem C) are/seems D) are/seem
A seller has an insurable interest in goods as long as he or she retains title to the goods.
Answer the following statement true (T) or false (F)
A large U.S. firm produces potato chips, shortening, dishwasher detergent, laundry detergent, shampoo, disposable diapers, and facial tissues. These are the firm's
A. product line. B. product classes. C. marketing mix. D. product assortment. E. individual products.