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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Use the table below to classify the following items which is part of the assets of ABC, Inc.
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|
A. Held-to-maturity investment  |
D. Significant influence investment  |
|
B. Available-for-sale investment  |
E. Control investment  |
|
C. Trading investment  |
F. Joint venture  |
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1. The company purchased a Sixty-day treasury bill t-bill.
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2. ABC owns 45% of TDJ Corporation. The other 55% of TDJ is owned by 100,000 different investors.
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3. Purchased an investment in Nortel common shares bought with idle cash in expectation that the price per share will rise.
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4. Owns 50% of Hydro Inc, a water bottle manufacturer. The other 50% is owned by a hedge fund.
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5. Owns Kellogg’s Bonds, which pays 5% interest and it will mature in 10Years.
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6. Owns some IBM preferred shares. The shares are not intended to be sold for profit.
7. Owns 30% of MKA, a sport goods manufacturer. An ABC senior manager is part of the board of directors of MKA
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