The loan fund would account for loans
a. to hospital patients
b. to purchase assets.
c. to university students.
d. due to another fund.
c
You might also like to view...
Method of accounting for investment holdings of 20 percent or more (investments in which the investor and the investee acknowledge a substantive economic relationship). The investor records the investment at cost but adjusts the amount each period for changes in the investee's net assets. That is, the investor's proportionate share of the earnings (losses) of the investee periodically increase (decrease) the investment's carrying value. All dividends received by the investor from the investee decrease the investment's carrying amount.
(a) underlying (b) forward contract (c) controlling interest (d) equity method
A real estate licensee can offer a mobilehome for sale that is
A) in a manufacturing plant, ready for delivery. B) transportable under an exemption from the Vehicle Code. C) presold. D) in a location where it can legally remain for one year.