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Accouting Help!!!!!!?

Question 1
The equity method of accounting for investments
Answer a. requires a year-end adjustment to revalue the stock to lower of cost or market
b. requires the investment be increased by the dividends paid by the investee
c. requires the investment be increased by the reported net income of the investee
d. requires the investment to be reported at its original cost
.
5 points
Question 2
Long-term investments are held for all of the listed reasons below except
Answer a. the interest or dividend income
b. long-term gain potential
c. meet current cash needs
d. influence over another business entity
.
5 points
Question 3
Held to maturity securities
Answer a. are reported at fair market value
b. include stocks as well as bonds
c. may be reported as current or noncurrent assets
d. all of the above
.
5 points
Question 4
An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $40.50 per share. What is the amount of gain or loss on the sale?
Answer a. $300 gain
b. $1,550 gain
c. $4,050 gain
d. $300 loss
.
5 points
Question 5
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the purchase would be:
Answer a. Debit: Investment in Bonds $101,500; Credit: Cash $101,500
b. Debit: Investment in Bonds $100,000 and Interest Receivable $1,500; Credit: Cash $101,500
c. Debit: Investment in Bonds $100,000; Credit: Interest Revenue $1,500 and Cash $98,500
d. Investment in Bonds $100,000; Credit: Cash $100,000
.
5 points
Question 6
Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
Answer True
False .
5 points
Question 7
All of the following are factors contributing to the trend for regulators to adopt accounting principles using fair value concepts except:
Answer a. pressure on regulators to adopt an international set of accounting principles and standards.
b. the ease of applying market values to assets and liabilities.
c. hybrid measurement methods within GAAP that conflict with each other.
d. a greater percentage of total assets existing as receivables and securities.
.
5 points
Question 8
Parker Company owns 83% of the outstanding stock of Tadeo Company. Parker Company is referred to as the
Answer a. minority interest
b. affiliate
c. parent
d. subsidiary
.
5 points
Question 9
Held-to-Maturity securities
Answer a. are reported at their fair market value on the balance sheet date
b. include both stocks and bonds
c. are primarily purchased to earn interest revenue
d. all of the above
.
5 points
Question 10
Under the equity method, the receipt of cash dividends on an investment in common stock of Vallerio Corporation is accounted for as a debit to Cash and a credit to
Answer a. Dividend Revenue
b. Investment in Vallerio
c. Retained Earnings
d. Dividend Receivables
.
5 points
Question 11
Which of the following statements below is not a reason a company may purchase another company’s stock?
Answer a. sustain the other company’s stock price
b. gaining control of another company’s operations
c. developing or maintaining business relationships
d. earning a return on excess cash
.
5 points
Question 12
The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the
Answer a. cost method
b. market method
c. equity method
d. income method
.
5 points
Question 13
Temporary investments
Answer a. are reported as current assets
b. include cash equivalents
c. do not include equity securities
d. all of the above
.
5 points
Question 14
Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1. The bonds have an annual interest rate of 6% payable on June 30 and December 31. The entry to record the purchase of the bonds would include:
Answer a. Interest Revenue credit $2,000.
b. Investment in Bonds debit $202,000.
c. Cash credit $200,000
d. Interest Receivable debit $2,000
.

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What Is This Piece Of Text Saying? Is It Saying I Can Or Can’t Enter The Contest?

Hello there.
I am trying to enter a contest, and I am reading the official rules for it to enter. I am 17 years old.
Here’s the piece of text: Event is open to legal residents of the 50 United States and the District of Columbia who are 18 years of age or older as of the date of entry, except employees of Sponsor and its affiliates and the immediate family members and/or those living in the same household of each such employee.
Is it saying those under 18 can’t enter? Is it saying that if you live with someone who’s over 18, yet you aren’t, it’s still okay to enter?
I am really confused. I’d hate to enter in my submission, and then get in trouble since I am not 18. :/

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Have You Bought A E-mail List And What Did You Think Of Them?

Specifically, I am asking about this company (http://www.rent-a-list.com) I wish to e-mail people with my affiliate link for a YouTube marketing program. (http://www.tubetoolbox.com/?Secure=A2316)
Some people say that buying e-mail lists does not create buyers so that is why I am asking.

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Curious To How Much It Cost To Outsource Some Things For An Online Business?

I’m looking into creating a online business of affiliate marketing maybe ecommerce haven’t exactly decided yet. How much would it cost to out source the web site design and the content to get me a good website going so that I could sign up for affiliate programs? If anyone is willing to answer some questions for me via email you can contact me I’m trying to get some thing going for an income to help afford college cost thanks ahead of time!

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How To Join Illuminati?

How can one join illuminati? I give you the answer my self.
If you really want to join Illuminati, You need an invitation. And I am giving you an open invitation for a small period of time.
Go to this website and use my code and they will let you in.
https://account.globalinformationnetwork.com/signup
Affiliate code: joelm:tomato::tomato::tomato::tomato::to…

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I Want To Travel More How Do I Earn Those Miles With A Credit Or Debit Card? Clueless About This Stuff?

I love to travel and a lady recently told me she got free flight tickets just by racking up flyer points.
How does this work and what is the best way to do this? and best company to get affiliated with?
Thanks!

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