When there is an unrealized loss on trading investments, the ________ will decrease

A) total equity
B) cash
C) total liabilities
D) long-term investments


A

Business

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Wagner's Bookstore acquires a 6% $12,000 certificate of deposit on September 1 . The term of the CD is six months. At that time, all principal and accrued interest will be paid in cash. Indicate the effect on the financial statements at December 31

a. Interest Receivable increases $240, Interest Revenue increases $240 b. Interest Receivable increases $360, Interest Revenue increases $360 c. Interest Receivable increases $480, Interest Revenue increases $480 d. Interest Receivable increases $720, Interest Revenue increases $720

Business

Who holds a valid claim against someone filing a chapter 11 bankruptcy?

a. Examiner b. Debtor c. Creditor d. Adjuster

Business

Of the components of the marketing mix, pricing is the most heavily regulated by federal law

Indicate whether the statement is true or false

Business

What does social judgment theory suggest?

A) People don't have a range of opinions on a specific topic. B) People have a range of opinions on a specific topic that is not anchored by a clear attitude. C) People don't have a latitude of acceptance within which they may change their opinion. D) People have a "latitude of acceptance" within which they may change their opinion.

Business