In order to maintain a record of the original cost of a trading security, the fair value adjustments are debited or credited to the account Valuation Allowance for Trading Investments

a. True
b. False

Indicate whether the statement is true or false


True

Business

You might also like to view...

A person's overall satisfaction with work depends on how he or she feels about several components. Which of the following is not one of these components?

A. life outside of work B. pay C. promotions D. coworkers E. supervision

Business

The use of quantitative tools to gauge an organization's performance in relation to a specific goal or an expected outcome is known as

A) responsibility accounting. B) an asset turnover. C) a performance center. D) a performance measurement.

Business

Which of the following is the best example of an anchor store?

A) a freestanding store such as IKEA B) an upscale retailer such as Williams-Sonoma in a lifestyle center C) a department store such as Macy's in a shopping center D) a kiosk selling perfume or jewelry in a shopping center E) a small restaurant in a strip center

Business

Competitive positioning tends to be ___________, while customer positioning can be more ________________.

a. objective/subjective b. positive/negative c. industry focused/customer focused d. broader/specific

Business