Which of the following best describes the importance of a sports philosophy to sports management? a. it sports managers manage issues that may compromise values. b. it sports managers determine morals. c. it increases competition. d. it allows team owners to determine which players to draft. which of the following best a sports manager carry out his or her values? a. competition b. rules c. character d. all of the above (sports management)

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?