Comprehensive income does not include: Changes in the fair value of availablefor$-$sale securities are recognized on the income statement

a$.$ Revenues reported on the income statement.

b$.$ Dividends paid to shareholders.

c$.$ Gains and losses reported in the income statement.

d$.$ Unrealized gains and losses on long$-$term available$-$for$-$sale securities$.$

Roe Corporation owns $2,000$ shares of WRJ Corporation stock. WRJ Corporation has $25,000$ shares of stock outstanding. WRJ paid $$4$ per share in cash dividends to its stockholders. Roe's entry to record the receipt of these dividends is:

a$.$ Debit Cash, $$8,000$; credit Long$-$Term Investments, $$8,000.$

b$.$ Debt Long$-$Term Investment, $$8,000$; credit Cash, $$8,000.$

c$.$ Debit Unrealized Gain$-$Equity, $$8,000$; credit Cash, $$8,000.$ All of these choices are correct

d$.$ Debit Cash, $$8,000$; credit Dividend Revenue, $$8,000.$

GAAP requires trading and available$-$for$-$sale investments to be reported at their

a$.$ Historical cost

b$.$ Net realizable value

c$.$ Market value

d$.$ Fair value

A company had net income of $$252,000.$ Depreciation expense was $$26,000.$ During the year, accounts receivable and inventory increased by $$15,000$ and $$40,000,$ respectively. Prepaid expenses and accounts payable decreased by $$2,000$ and $$4,000,$ respectively. There was also a loss on the sale of equipment of $$3,000.$ How much was the net cash flow from operating activities on the statement of cash flows using the indirect method?

a$.$ $$217,000$

b$.$ $$224,000$

c$.$ $$284,000$

d$.$ $$305,000$