44..Which of the following stock investments should be accountedfor using the cost method?

a. investments between 20 % and50%

b. investments of less than 20% andinvestments between 20% and 50%

c. investments of less than20%

d. all stock investments should beaccounted for using the cost method

43. Unrealized gains and losses on trading securities are notincluded in the calculation of net income.

a.true
b.false

39. The account Unrealized Gain (Loss) on Trading Securitiesshould be included in the

a. Balance sheet as an adjustmentto the asset account

b. Statement of RetainedEarnings

c. Income statement as OtherRevenue (Expenses)

d. Balance sheet as an adjustmentto Stockholders' Equity

34. Which of the followingshould be deducted from net income in calculating net cash flowfrom operating activities using the indirect method?

a. gain on sale of land

b. dividends declared andpaid

c. depreciation expense

d. a loss on the sale ofequipment

33. Held to maturitysecurities

a. are reported at fair marketvalue

b. include stocks as well asbonds

c. may be reported as current ornoncurrent assets

d. all of the above

31..The cumulative effects of other comprehensive income itemsis included in retained earnings, on the balance sheet.

a.true
b.false

Answer rating: 100% (QA)

Answer 44 c investments of less than 20 Answer 39 c Income statement as Other Revenue Expenses Answe... View the full answer