题目内容

When an investment is readily convertible to cash and the investor plans to convert the investment to cash within one year, the investment is reported on the balance sheet as:

A.a current asset.
B.a long-term asset.
C.stockholders' equity.
D.a cash equivalent.

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Unrealized gains and losses from long-term available-for-sale investments arise from:

A.the purchase of an investment.
B.the sale of the investment.
C.changes in the fair value of the investment.
D.investor's share of investee's net income or net loss.

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Long-term investments include:

A.stocks and bonds.
B.securities that the investor expects to hold longer than one year.
C.securities reported in the noncurrent asset section of the balance sheet.
D.all of the above.

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An investor purchased bonds and intends to hold them until the maturity date which is 10 years into the future. The bonds were purchased at a discount. One year after purchase, this Held-to-Maturity Investment in Bonds will be reported at ________ on the balance sheet.

A.fair value
B.historical cost
C.lower of cost or market
D.amortized cost

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On January 1, 2015, Benson Company purchases $100,000, 6% bonds at a price of 95 and a maturity date of January 1, 2020. Benson Company plans to hold the bonds until their maturity date. Interest is paid semiannually, on January 1 and July 1. Benson Company has a calendar year end. The adjusting entry on December 31, 2015 is:

A.debit Cash $3,000 and credit Interest Revenue $3,000.
B.debit Cash $6,000 and credit Interest Revenue $6,000.
C.debit to Interest Receivable $3,000, debit Held-to-Maturity Investment in Bonds for $500 and credit Interest Revenue $3,500.
D.debit to Interest Receivable $6,000 and credit Interest Revenue $6,000.

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When an investment is readily convertible to cash and the investor plans to convert the investment to cash within one year, the investment is reported on the balance sheet as:

A.a current asset. B.a long-term asset. C.stockholders' equity. D.a cash equivalent.

Unrealized gains and losses from long-term available-for-sale investments arise from:

Long-term investments include:

An investor purchased bonds and intends to hold them until the maturity date which is 10 years into the future. The bonds were purchased at a discount. One year after purchase, this Held-to-Maturity Investment in Bonds will be reported at ________ on the balance sheet.

A.a current asset.
B.a long-term asset.
C.stockholders' equity.
D.a cash equivalent.