On May 1, Jorge Co. purchases notes of Radiotech for $25,000. This investment is considered to be an available-for-sale debt investment. This is the company's first and only investment in available-for-sale debt securities. On July 31 (Jorge's year-end), the notes had a fair value of $28,000. Jorge should record a credit to Unrealized Gain-Equity for $3,000.
Answer the following statement true (T) or false (F)
True
You might also like to view...
London's Sunday Times reported that Mecca-Cola has become the drink which has come to be seen as "politically preferable" to Pepsi or Coke in many Muslim countries
Also, Danish products were boycotted in many Islamic countries in protest of an offensive cartoon that was printed in Danish newspapers. Considering these two examples, show how religion can have an impact on marketing.
Gaia has decided to work from home. She just had a baby, and her employer offered for her to stay with her baby after maternity leave. She will be able to work closely with her colleagues via e-mail and videoconferencing. Gaia is working through a ______.
A. cross-functional team B. self-managing team C. problem-solving team D. virtual team
Gains and losses on effective cash flow hedges are reported initially in
a. accumulated other comprehensive income. b. contributed capital. c. net income. d. an adjustment to the beginning balance of retained earnings. e. an adjustment to the ending balance of retained earnings.
Vinson Manufacturing requires all capital investment projects to have a payback period of 5 years or less. Vinson is currently considering an equipment purchase that has an initial cost of $90,000. The equipment is expected to have a ten year life and a salvage value of $5,000. Assuming cash flows are equal, what does the annual cash flow generated by the equipment need to be in order to meet the
payback period requirements? A) $18,000 B) $19,000 C) $17,000 D) $9,000