All of the following statements regarding available-for-sale debt securities are true except
A) premiums and discounts are amortized.
B) Interest Income may be debited at the time of acquisition.
C) the securities will be valued using the lower of cost or market method.
D) realized gain or loss is the difference between the amortized cost of the bonds and the proceeds from their sale.
C
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Answer the following statements true (T) or false (F)
1. Regardless of the type of plant asset disposal, the first step is to bring the depreciation up to date. 2. A fully depreciated plant asset that is still in service is not reported as an asset on the balance sheet. 3. Plant assets remain on the business's books until they are disposed of. 4. Gain or loss is determined by comparing the cash received and the market value of any other asset received with the historical cost of the asset disposed of.
Jabriel just got hired to be in charge of all social media presence for Gibson's doughnut shop. His two ultimate goals for the shop's social media presence (according to your text) should be building deeper customer relationships and ________.
A. Post humorous content B. Get more retweets C. Positive word-of-mouth-communication D. Responding to complaining customers E. Get more followers
The systematic decision-making process that operations and supply chain managers rely on consists of ______ steps:
a. five b. six c. seven d. eight
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant recorded cost of goods sold of $4,100. As a result of this transaction, Gant's quick ratio will:
A. Decrease. B. Remain the same. C. Increase. D. Cannot be determined.