If the combined market value of trading securities at the end of the year is less than the market value of the same portfolio of trading securities at the beginning of the year, the difference should be accounted for by
a. a credit to Investment in Trading Securities.
b. reporting an unrealized loss in security investments in the stockholders' equity section of the balance sheet.
c. a footnote to the financial statements.
d. reporting an unrealized loss in security investments in the income statement.
D
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Which of the following best describes the AICPA's Audit Data Standards (ADS)?
A. A set of standards for data files and fields designed to support external audits. B. A set of analytic procedures designed to be used with modern ERPs' large datasets. C. The base level of testing procedures that should be performed on AIS data. D. The codification of all auditing guidelines pertaining to the data generated by AISs.
The job evaluation method that classifies jobs and groups according to a number of predetermined classes is called
A. Job grading. B. Job ranking. C. Point evaluation. D. Factor comparison.
The document that assists an entrepreneur and the management team in focusing on important issues and activities is
A. the organization chart. B. the budget. C. the sales analysis. D. the business plan.
One of the conditions that makes yield management effective is when inventory is easily stored and held for a time when demand is stronger.
Answer the following statement true (T) or false (F)