Reclassification of trading securities as available-for-sale

Reference no: EM13155807

The reclassification of trading securities as available-for-sale would produce the following effect:

a. The balance sheet would need to be adjusted to report the securities at fair market value and there would be no effect on the income statement.

b. There would be no effect on either the balance sheet or the income statement.

c. The balance sheet would need to be adjusted to report the securities at fair market value and unrealized gains or losses on the date of the transfer would be included in net income.

d. There would be no effect on the balance sheet and unrealized gains or losses on the date of the transfer would be included in net income.

Reference no: EM13155807

Questions Cloud

Evaluate swot analysis on the tourism development : Evaluate The SWOT Analysis on The Tourism Development in Nigeria. Produce a comprehensive report detailing the objectives, methodologies, findings, analysis, and conclusions of the research

State decision whether the null hypothesis be rejected : support the consumer group's claim that fewer than 75% of the claims were settled within 5 weeks? Test using the traditional approach with α = 0.05. Determine which test statistic applies, and calculate it

What will phenotypical feature actually manifested depend : For an individual having a genotype formed of two different alleles that condition different varieties of the same phenotypical trait, upon what will the phenotypical feature actually manifested depend?

Key aspects of the circular flow model : Use the circular flow model to provide a picture of how households, firms, and governments interact in the US economy and how the US and other economies interact in the global economy. What key aspects of the circular flow model need to be include..

Reclassification of trading securities as available-for-sale : The reclassification of trading securities as available-for-sale would produce the following effect:

What effect did financial crisis have on unemployment rate : The oil price shock embodied an inflation rise of 3 percentage points and inflation turned out to be 1.5%. What effect did the financial crisis have on the unemployment rate?

Bulloch county : Bulloch County has never allowed liquor to be sold in restaurants. However in 3 months, county residents are scheduled to vote on a referendum to allow liquor to be sold by the drink.

What is the initial (h2) : consider the following equilibrium system H2(g)+ Br2(g)=2HBr(g) Keq= 14.8 A closed container is initially filled with equal moles of H2 and Br2.When equilibrium is reached the (HBr) is 0.329 mol/L What is the initial (H2)

Explain sodium carbonate was used to precipitate silver : Sodium carbonate was used to precipitate silver from a solution. 6.00 grams of silver carbonate were recovered from 1.500L of solution.

User Account

All Pages