第十一章单元测试
- Strickland Corporation has invested in 10% of the outstanding stock of Nez Corporation. Strickland intends to actively manage this investment for profit. This investment is classified as:（ ）
- All of the following statements regarding equity securities are true except:（ ）
- A company paid $37,800 plus a broker's fee of $525 to acquire 8% bonds with a $40,000 maturity value as a long-term investment. The company intends to hold the bonds to maturity. The correct entry to record the purchase of the bond investment is:（ ）
- Accounting for long-term investments in equity securities with controlling influence uses the:（ ）
J. P. Industries purchased 2,000 shares of Yang's common stock for $143,000 as a long-term investment. The investment is classified as available-for-sale securities. The par value of the stock was $1 per share. J.P. paid $375 in commissions on the transaction. J.P.'s entry to record the purchase transaction would include a: （ ）
A:a trading security. B:a controlling influence security. C:a significant influence security. D:a held-to-maturity security.
答案:a trading security.
A:Equity securities classified as available-for-sale record the dividend revenue when received. B:Equity securities are valued at fair value if classified as trading securities. C:Equity securities are valued at fair value if classified as significant influence securities. D:Equity securities should be recorded at cost when acquired.
A:Debit Long-Term Investments—HTM $37,800; credit Cash $37,800 B:Debit Long-Term Investments—HTM $38,325; credit Cash $38,325 C:Debit Long-Term Investments—HTM $37,800; debit Investment Expense $525; credit Cash $38,325 D:Debit Long-Term Investments—HTM $37,800; debit Loss on Investment $525; credit Cash $38,325
A:Controlling method. B:Investment method. C:Consolidated method. D:Equity method with consolidation.
A:Debit to Long-Term Investments-AFS for $143,375. B:Debit to Long-Term Investments-AFS for $143,000. C:Credit to Common Stock for $143,375. D:Credit to Common Stock for $2,000.
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