Long-term investments: Multiple Choice Are current assets. Can include funds designated for a special purpose, or...
Long-term investments: Multiple Choice Are current assets.
Can include funds designated for a special purpose, or investments in land not used in the company’s operations.
Must be readily convertible to cash.
Are expected to be converted into cash within one year.
Include only equity securities.
Homework Answers
The correct answer is
Can include funds designated for a special purpose, or investments in land not used in the company’s operations.
Long term investments are those which are meant to be held for a period of more than one year
Current assets are not long term
Long term investments are not readily convertible into cash, current assets are
Long term investments can be in assets other than equity securities also
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Long-term investments: Multiple Choice Are current assets.
Can include funds designated for a special purpose, or...
Long-term investments: Multiple Choice Must be readily convertible to cash. Are expected to be converted into...
Long-term investments: Multiple Choice Must be readily convertible to cash. Are expected to be converted into cash within one year. Include only equity securities. Can include funds designated for a special purpose, or investments in land not used in the company’s operations. Are current assets.
Long-term investments cannot include: Multiple Choice Held-to-maturity debt securities. Securities with maturity dates within three months....
Long-term investments cannot include: Multiple Choice Held-to-maturity debt securities. Securities with maturity dates within three months. Equity securities giving an investor insignificant influence over an investee. Equity securities giving an investor significant influence over an investee. Available-for-sale debt securities.
Current assets include: Multiple Choice Assets that will be used for many years Assets that will be used up or conv...
Current assets include: Multiple Choice Assets that will be used for many years Assets that will be used up or converted to cash within 12 months Assets that must be id for within 12 months. Any assets that were purchased for cash
Capital assets are usually financed with Multiple Choice short-term funds. long-term funds. permanent funds self-liquidating funds
Capital assets are usually financed with Multiple Choice short-term funds. long-term funds. permanent funds self-liquidating funds
Temporary current assets are those assets that are Multiple Choice Capital assets. Semi-permanent. Self-liquidating Permanent assets...
Temporary current assets are those assets that are Multiple Choice Capital assets. Semi-permanent. Self-liquidating Permanent assets When retained earnings are not sufficient to cover the need for investment in current assets, firms seek to use all of the following methods except: Multiple Choice trade credit bank loans short-term securities. selling off inventories We were unable to transcribe this imageUsually yield curves arebut during peak periods of economic expansion yield curves may be Multiple Choice upward sloping, downward sloping downward sloping:...
3. Classified balance sheets commonly include the following categories. (15%) a. Current assets b. long-term invest...
3. Classified balance sheets commonly include the following categories. (15%) a. Current assets b. long-term investments c. Plant assets d. Intangible assets e. Current liabilities 1. Long-term liabilities 8. Equity X Not in the balance sheet Indicate the typical classification of each item listed below by placing the letter of the correct balance sheet category a through g in the blank space next to the item. owne Buildings used in business operations Office Supplies Land held for future plant expansion...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 640,000 530,000 2,280,000 220,000 $3,670,000 $ 440.000 830,000 2,400,000 $3,670,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $160,000; accounts receivable (net). $210,000; inventory, $235,000; and prepaid insurance, $35,000 b. Investments: investment in equity securities, short term,...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 604,000 503,000 2,028,000 202,000 $3,337,000 $ 404,000 1,073,000 1,860,000 $3,337,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $151,000; accounts receivable (net), $201,000; inventory, $226,000; and prepaid insurance, $26,000. b. Investments: investment in equity securities, short term,...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Stockholders' Equity Total Additional Paid-in Capital Total Paid-in Capital and Retained Earnings Ayayai Corp. has issued 90,000 shares of $4 par...
Trading securities (at cost) Short-term stock investments (at cost) Equity method investments Held-to-naturity securities (long-tern) $...
Trading securities (at cost) Short-term stock investments (at cost) Equity method investments Held-to-naturity securities (long-tern) $ 5,200 23.500 70.500 13.500 Cash Fair value adjustment-stock Accounts receivable Fair value adjustment-trading $ 10.500 (-1.100) 2.500 600 Prepare the assets section of a classified balance sheet. Hint Fair Value Adjustment-Trading increases trading securities; Fair Value Adjustment-Stock decreases Stock investments (Amounts deducted should be indicated by a minus sign.) GERMX CO. Assets Section of Balance Sheet December 31 Assets Current assets Cash Stock investments...
Current assets include: Multiple Choice Assets that will be used for many years Assets that will be used up or converted to cash within 12 months Assets that must be id for within 12 months. Any assets that were purchased for cash
Capital assets are usually financed with Multiple Choice short-term funds. long-term funds. permanent funds self-liquidating funds
Temporary current assets are those assets that are Multiple Choice Capital assets. Semi-permanent. Self-liquidating Permanent assets When retained earnings are not sufficient to cover the need for investment in current assets, firms seek to use all of the following methods except: Multiple Choice trade credit bank loans short-term securities. selling off inventories We were unable to transcribe this imageUsually yield curves arebut during peak periods of economic expansion yield curves may be Multiple Choice upward sloping, downward sloping downward sloping:...
3. Classified balance sheets commonly include the following categories. (15%) a. Current assets b. long-term investments c. Plant assets d. Intangible assets e. Current liabilities 1. Long-term liabilities 8. Equity X Not in the balance sheet Indicate the typical classification of each item listed below by placing the letter of the correct balance sheet category a through g in the blank space next to the item. owne Buildings used in business operations Office Supplies Land held for future plant expansion...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 640,000 530,000 2,280,000 220,000 $3,670,000 $ 440.000 830,000 2,400,000 $3,670,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $160,000; accounts receivable (net). $210,000; inventory, $235,000; and prepaid insurance, $35,000 b. Investments: investment in equity securities, short term,...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 604,000 503,000 2,028,000 202,000 $3,337,000 $ 404,000 1,073,000 1,860,000 $3,337,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $151,000; accounts receivable (net), $201,000; inventory, $226,000; and prepaid insurance, $26,000. b. Investments: investment in equity securities, short term,...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Stockholders' Equity Total Additional Paid-in Capital Total Paid-in Capital and Retained Earnings Ayayai Corp. has issued 90,000 shares of $4 par...
Trading securities (at cost) Short-term stock investments (at cost) Equity method investments Held-to-naturity securities (long-tern) $ 5,200 23.500 70.500 13.500 Cash Fair value adjustment-stock Accounts receivable Fair value adjustment-trading $ 10.500 (-1.100) 2.500 600 Prepare the assets section of a classified balance sheet. Hint Fair Value Adjustment-Trading increases trading securities; Fair Value Adjustment-Stock decreases Stock investments (Amounts deducted should be indicated by a minus sign.) GERMX CO. Assets Section of Balance Sheet December 31 Assets Current assets Cash Stock investments...
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