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Which should be added to net income

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Reference no: EM132611986

Problem 1: Changes in the value of available-for-sale securities are:

a. recognized on the income statement.

b. not recognized.

c. recognized on the income statement and as part of stockholders' equity.

d. reported as part of stockholders' equity.

Problem 2: GAAP requires trading and available-for-sale investments to be reported at their:

a. net realizable value.

b. historical cost.

c. fair value.

d. market value.

Problem 3: Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method?

a. a decrease in accounts payable

b. a gain on the sale of land

c. dividends paid on common stock

d. an increase in accrued liabilities

Reference no: EM132611986

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