The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
P 12-14 Classifying investments
Indicate (by letter) the way each of the investments listed below most likely should be accounted for based on the information provided.
Reporting category
T. Trading securities
M. Securities held-to-maturity
A. Securities available-for-sale
E. Equity method
C. Consolidation
N. None of these
Item
___ 1. 35% of the nonvoting preferred stock of American Aircraft Company.
___ 2. Treasury bills to be held to maturity.
___ 3. Two-year note receivable from affiliate.
___ 4. Accounts receivable.
___ 5. Treasury bond maturing in one week.
___ 6. Common stock held in trading account for immediate resale.
___ 7. Bonds aquired to profit from short-term differences in price.
___ 8. 35% of the voting common stock of Computer Storage Devices Company.
___ 9. 90% of the voting common stock of Affiliated Peripherals, Inc.
___ 10. Corporate bonds of Primary Smelting Company to be sold if interest rates fall 1/2%.
___ 11. 25% of the voting common stock of Smith Foundries Corporation: 51% family-owned by Smith family; fair value determinable.
___ 12. 17% of the voting common stock of Shipping Barrels Corporation; Investor's CEO on the board of directors of Shipping Barrels Corporation.
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â----------- -----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------