What are the five components necessary to account for investments in available-for-sale securities?
What will be an ideal response?
*The initial investment is recorded at cost.?*The investment is recorded at fair value on the balance sheet.?*Interest income are recorded in net income for the current period.?*The changes in fair value result in unrealized holding gains and losses which are reported as a component of other comprehensive income for the current period. The accumulation of unrealized gains and losses is reported in the accumulated other comprehensive income under shareholder's equity.?*When an Available-for-Sale security is sold the realized gains and losses are included in net income for the current period, and if there are any unrealized gains and losses they must be reclassified from accumulated other comprehensive income into net income.
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Choi’s (2009) study of U.S. federal employees found greater ______ and less turnover in public organizations with diversity management practices.
a. employee camaraderie b. promotion opportunities for minority groups c. job satisfaction d. trust
Betty's BBQ orally contracts with Denny's Design House for 10,000 matchbooks at the price of 10 cents per matchbook. The matchbooks are to be embossed with a logo to be designed by Denny's Design promoting Betty's BBQ. Price, payment terms, delivery terms are agreed upon between the parties. Denny's Design creates the logo, gets Betty's BBQ's approval of the design and begins applying the logo on
the matchbook covers. Denny's Design has almost finished the order when Betty's BBQ calls to say it has decided to make the eatery a smoke-free restaurant and cancels the order. Denny's Design sues, but Betty's BBQ states that the agreement is unenforceable under the statute of frauds. Who wins? a. Denny's Design House wins. This situation falls under an exception to the statute of frauds. b. Denny's Design House wins. This is a service contract for design of a logo. Therefore, the UCC, including the statute of frauds provisions of Article 2, does not apply. c. Betty's BBQ wins. This is a contract for $1000 . The statute of frauds requires all sales contracts in excess of $500 be in writing. d. Betty's BBQ wins. The statute of frauds only applies to merchants. Betty's BBQ is not a merchant in this instance because it intended to give the matchbooks away and not sell them.
An agency by __________ occurs when a person leads another to believe that someone else is his or her agent and is thereafter prevented from denying it
a. ratification b. conduct c. agreement d. estoppel
Explain in detail EPA practice in regard to approving a state program in lieu of the EPA's federal program