Which of the following is true of available-for-sale (AFS) investments?
A) They are always reported as current assets in the balance sheet.
B) They are always reported as long-term assets in the balance sheet.
C) They are reported as current assets on the balance sheet only if the business expects to sell them within the first two years.
D) They are reported as long-term assets on the balance sheet only if they are planned to be held for longer than a year.
D
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When a bond issue is converted into common stock, total contributed capital is increased by the carrying value of the bonds converted
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Which of the following statements about the end of a meeting is most accurate?
A) A meeting should end only when participants have discussed all agenda items. B) The leader should provide a summary of accomplishments and a review of action items. C) The leader should remind participants that they are responsible for taking their own minutes. D) Participants should pass their assigned tasks on to someone who did not attend.
Some developers of apps for the Apple iPhone price their apps low at launch to encourage sales and get attention so they can move into the prestigious "Top 25" list. Then, they frequently raise prices to get a higher profit margin on later sales. The initial low price is a(n)
A. skimming price. B. temporary sale. C. cumulative quantity discount. D. noncumulative quantity discount. E. introductory price deal.