If an investment in stock is reclassified from available-for-sale securities to trading securities, the stock should be recorded on the date it is reclassified at the
a. market value at the date of acquisition.
b. book value at the date of reclassification.
c. market value at the date of reclassification.
d. lower-of-cost-or-market value at the date of reclassification.
C
You might also like to view...
The First United mutual fund has total assets of $45,500,000 and liabilities of $1,600,000. There are 14,200,000 shares outstanding. What is the net asset value of the fund? (Round to the nearest cent)
What will be an ideal response?
Which statement below is not a disadvantage discussed in the textbook of an organization going global?
a. Managing different cultures and workforces can be a major challenge b. Limited resources in countries with political unrest and the risk of nationalization c. Human Resource managers have to know labor laws of many different regions. d. Economic risk in the inevitable rise and fall of interest and exchange rates
Who will prevail in the following scenarios applying the CISG? Would your answer change if the parties selected the UCC pursuant to a choice of law clause? Please provide a short explanation for each of your answers. Scenario An attempt by an American consumer to sue a Chinese manufacturer for product defects which resulted in his personal injury
The ______ allows a debtor to retain the family home up to a specified amount free from creditors' claims
a. nonexempt exemption b. necessity exemption c. housing exemption d. mortgage exemption e. none of the other choices are correct