Which of the following is correct regarding available-for-sale securities?
A) Available-for-sale securities are reported at cost on the balance sheet date, and unrealized holding gains and losses are included in income of the current period.
B) Available-for-sale securities are reported at fair value on the balance sheet date, and unrealized holding gains and losses are included in income of the current period.
C) Available-for-sale securities are reported at fair value on the balance sheet date, but unrealized holding gains and losses are not included in income of the current period.
D) Available-for-sale securities are reported at cost on the balance sheet date, but unrealized holding gains and losses are not included in income of the current period.
C
You might also like to view...
Describe the advantages and disadvantages of group incentives.
What will be an ideal response?
For which of the following types of organizations would a differentiation approach based on
serviceability be most suitable? A) a washing machines manufacturer B) a biscuit manufacturing company C) a paper manufacturer D) a clothing manufacturing company
Before the early 1900s, the prevailing opinion regarding the employment relationship was that:
A. The government should never interfere with the ability of an individual to freely enter into an economic relationship with another individual B. The government should monitor economic relationships to ensure they were fair to both parties C. Individuals should only enter into an economic relationships if there were laws ensuring minimum standards of protection D. Employers should be allowed to unilaterally set terms and conditions of employment
The Aston researchers identified five variables drawn from Max Weber’s initial list of fifteen: __________ refers to the extent to which the organization uses manuals of organizational procedures.
a. Formalization b. Centralization c. Specialization d. Standardization