On May 1, Jorge Co. purchases notes of Radiotech for $25,000. This investment is considered to be an available-for-sale debt investment. This is the company's first and only investment in available-for-sale debt securities. On July 31 (Jorge's year-end), the notes had a fair value of $28,000. Jorge should record a credit to Unrealized Gain-Equity for $3,000.
Answer the following statement true (T) or false (F)
True
You might also like to view...
One of the possible objectives of marketing communications is helping consumers evaluate a brand's perceived ability to meet a currently relevant need. Which of the following is a negatively oriented relevant brand need?
A) normal depletion B) sensory gratification C) social approval D) intellectual stimulation E) value enhancement
Which of the following is least effective at conveying negative information as clearly and kindly as possible?
A) Embed the bad news in the middle of the paragraph. B) Suggest you might reverse the decision if circumstances change. C) Emphasize what you can do rather than what you cannot do. D) Imply the bad news instead of specifically stating the news. E) Minimize the space devoted to the news.
Ed and his wife Edna gave their daughter $24,000. There are no potential estate taxes on this gift
Indicate whether the statement is true or false.
Refer to Matrix 15.1. What is the break-even point for shipping a 7,500 pound shipment in class 92.5?
A) 8,679 B) 9,910 pounds C) 10,091 D) 7,932