Most IRS audits are conducted through the mail

A penetration pricing strategy is designed to recover a company's developmental and promotional cost of a new product very quickly

Indicate whether the statement is true or false.

On January 2, 2014, Nora Co acquired 2,000 shares of Stonewall Co common stock for $8,000 and classified these shares as available-for-sale securities. During 2014, Nora received $6,000 of cash dividends. Nora's share of Stonewall's 2014 earnings (net income) was $5,000 . The fair value of Stonewall's stock on December 31 . 2014, was $7 per share. Nora should report what amount in 2014 related to

Stonewall Co? a. Revenue of $6,000 b. Revenue of $12,000 c. A $1,000 decrease in the investment account d. A $1,000 increase in the investment account