Long-term investments:
A. Must be readily convertible to cash.
B. Include only equity securities.
C. Can include funds designated for a special purpose, or investments in land not used in the company's operations.
D. Are current assets.
E. Are expected to be converted into cash within one year.
Answer: C
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Indicate whether the statement is true or false
One of the most important factors for improving the likelihood that a solution to a problem will be implemented is:
a. how creative the solution is. b. whether the people implementing the solution participated in the decision. c. whether there was limited conflict in the group during the problem-solving process. d. all of the above are true.
Answer the following statements true (T) or false (F)
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The beginning balance in the Retained Earnings account of a company was $11,000. The revenues and expenses were $220,000 and $170,000, respectively. During the year, the company paid dividends of $4,000
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