Reconciliation between net income and comprehensive income would include:
A. Unrealized losses but not unrealized gains on available for sale securities.
B. Unrealized gains but not unrealized losses on available for sale securities.
C. Unrealized losses and unrealized gains on available for sale securities.
D. Neither unrealized losses nor unrealized gains on available for sale securities.
Ans: C. Unrealized losses and unrealized gains on available for sale securities.
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You're investing $1 million in a 1-month money market instrument today, August 12, at a rate of 2.25%. What must be the reinvestment rate at maturity when you roll over your investment into another 1-month instrument in order to achieve proceeds of $1,010,000?
a) ?0.25% b) 1% c) 9.66% d) 9.73%
Which of the following factors would suggest a switch to activity-based costing?
a. Product lines similar in volume and manufacturing complexity. b. Overhead costs constitute a significant portion of total costs. c. The manufacturing process has been stable. d. Production managers use data provided by the existing system.