If treasury stock is resold for more than cost, the difference is debited to the account Paid-In Capital from Treasury Stock Transactions

If a firm increases its cash discount period the firm's investment in accounts receivable, due to discount takers still getting cash discounts but paying later, is expected to increase

Indicate whether the statement is true or false

Which of the following is true about a long forward contract

A. The contract becomes more valuable as the price of the asset declines B. The contract becomes more valuable as the price of the asset rises C. The contract is worth zero if the price of the asset declines after the contract has been entered into D. The contract is worth zero if the price of the asset rises after the contract has been entered into