The year-end adjusting entry to reflect an increase in the value of trading securities includes a
a. debit to Unrealized Gain on Investments.
b. debit to Short-Term Investments.
c. debit to Allowance to Adjust Short-Term Investments to Market.
d. credit to Realized Gain on Investments.
C
You might also like to view...
Earning interest on the interest that was earned in prior years is referred to as
A. discounting. B. compounding. C. present valuing. D. bonding.
The courts allow one who rescinds the contract before any illegal act has been performed to recover any consideration given.
Answer the following statement true (T) or false (F)
If the maker of a note does not pay at maturity, ________
A) the debtor no longer owes the payee B) interest revenue cannot be accrued on the note C) the note is no longer in force because it has expired D) the principal is recorded as a debit to the Accounts Receivable account
Which of the following describes the relationships among the three planning levels, from broadest to narrowest?
A. marketing strategy; corporate strategy; business-unit strategy B. corporate strategy; marketing strategy; business-unit strategy C. business-unit strategy; corporate strategy; business-unit strategy D. corporate strategy; business-unit strategy; marketing strategy E. marketing strategy; business-unit strategy; corporate strategy