Question: Assume that an equity investment that lacks significant influence is sold. Which of the following would be included in the two entries to record the sale? (Select all that apply.) Check All That Apply An update of the Fair value adjustment account An update of the Fair value adjustment account Removal of the related investment account balances Removal of the related investment account balances The total amount of gain or loss that has occurred since the securities were purchased The total amount of gain or loss that has occurred since the securities were purchased The amount of the unrealized holding gain or loss that has occurred since the end of the prior accounting period

Which type of investment offers both capital gains and interest income? a. property b. cds c. stocks d. bonds

How do primary and secondary industries differ

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer