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Under the cost method, companies record the investment at cost, and recognize revenue when the investee reports net income. TRUE or FALSE.
Under the cost method, companies record the investment at cost, and recognize revenue when the investee reports net income. FALSE.
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Asked 6/26/2013 12:16:51 PM
Updated 221 days ago|8/11/2018 12:51:29 PM
1 Answer/Comment
Edited by jeifunk [8/11/2018 12:51:29 PM]
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Under the cost method, companies record the investment at cost, and recognize revenue when the investee reports net income. FALSE.
Added 221 days ago|8/11/2018 12:29:52 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/11/2018 12:51:32 PM], jeifunk [8/11/2018 12:51:32 PM]
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When no-par stock does not have a stated value, the corporation credits the entire proceeds to Common Stock. True False
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Updated 170 days ago|10/1/2018 12:55:33 PM
1 Answer/Comment
When no-par stock does not have a stated value, the corporation credits the entire proceeds to Common Stock. TRUE.
Added 170 days ago|10/1/2018 12:55:32 PM
This answer has been confirmed as correct and helpful.
Confirmed by matahari [10/1/2018 1:15:55 PM], matahari [10/1/2018 1:15:55 PM], Rated good by matahari
When a company sells treasury stock below its cost, it usually debits the excess of cost over selling price to: Retained Earnings. Paid-in Capital from Treasury Stock. Loss on Sale of Treasury Stock. Paid-in Capital in Excess of Par Value.
Question
Not Answered
Updated 2/19/2018 8:06:54 AM
1 Answer/Comment
When a company sells treasury stock below its cost, it usually debits the excess of cost over selling price to Paid-in Capital from Treasury Stock.
Added 2/19/2018 8:06:54 AM
This answer has been confirmed as correct and helpful.
When bonds are sold, any difference between the net proceeds and the cost of the bonds is recorded as a gain or loss. False True
Question
Updated 157 days ago|10/15/2018 2:59:46 AM
1 Answer/Comment
When bonds are sold, any difference between the net proceeds and the amortized cost of the bonds is recorded as a gain or loss. TRUE.
Added 157 days ago|10/15/2018 2:59:46 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [10/16/2018 9:54:44 AM], jeifunk [10/16/2018 9:54:44 AM]
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