$0/3\mathrm{.}5$ points

A transaction price for multiple performance obligations should be allocated

based on total transaction price less residual value.

based on the selling price from the company's competitors.

based on what the company could sell the goods for on a standalone basis.

based on the forecasted cost of satisfying the performance obligation.

$\frac{0}{3\mathrm{.}5}$ points

Held$-$to$-$maturity securities are reported at

amortized cost.

fair value.

acquisition cost plus interest.

acquisition cost.

$\frac{0}{3\mathrm{.}5}$ points

The conversion of preferred stock is most commonly recorded by the

incremental method.

par value method.

book value method.

market value method.