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Which long-term debt investments are accounted for using the

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Reference no: EM132948975

Problem 1: Long-term debt investments are accounted for using the:

Select one:
a. Straight-line Method
b. None of the available choices
c. Amortized Cost Method
d. Fair Value through Net Income Method

Problem 2: Which of the following are not examples of debt instruments?

Select one:
a. Preferred shares
b. Bonds
c. Treasury bills
d. Money market fund

Problem 3: Using the fair value through net income method, an excess in value over the investment cost, prior to sale of that investment, should be recorded as:

Select one:
a. Debit to Gain on Fair Value Adjustment, Credit Valuation Allowance for Fair Value Adjustment
b. Debit to Valuation Allowance for Fair Value Adjustment, Credit to Gain on Fair Value Adjustment
c. Debit to Unrealized Gain on Fair Value Adjustment, Credit Valuation Allowance for Fair Value Adjustment
d. Debit to Valuation Allowance for Fair Value Adjustment, Credit to Unrealized Gain on Fair Value Adjustment

Reference no: EM132948975

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