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Step2247 [10]
3 years ago
9

All of the following are true of the effect of fair value accounting on the financial statements except a.changes in the fair va

lue of trading securities are recognized on the income statement b.any difference between the original cost or the prior period's fair value must be recorded c.changes in the fair value of available-for-sale securities are recognized on the income statement d.valuation allowance accounts are reported on the balance sheet
Business
1 answer:
Anna71 [15]3 years ago
4 0

Option C

<u>Explanation:</u>

All of the following are true of the effect of fair value accounting on the financial statements :

<u>option c. changes in the fair value of available-for-sale securities are recognized on the income statement. is correct .</u>

Reasonable worth bookkeeping is a monetary detailing approach, otherwise called the "mark-to-advertise" bookkeeping practice, under proper accounting rules (GAAP). Utilizing reasonable worth bookkeeping, organizations measure and report the estimation of specific resources and liabilities based on their real or assessed reasonable market costs. Changes in resource or risk esteems after some time produce hidden additions or misfortunes for the advantages held and liabilities extraordinary, expanding or diminishing total compensation, just as value to be determined sheet.

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False.

Explanation:

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The point at which the consumer starts to notice a change in salt content of the potatoe chips is above the subliminal stimuli.

Although subliminal stimuli is not readily perceived it can unconciously influence consumer behaviour.

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3 years ago
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Consider a 10-year bond with a face value of $1,000 that has a coupon rate of 5.5%, with semiannual payments.
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Explanation:

It all depends on the market conventions and the bond documentation.

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If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, what would happen to the equilib
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