Accumulated Other Comprehensive Income reflects changes in the fair value of which type of securities?

A) trading securities
B) securities available for sale
C) held-to-maturity securities
D) consolidated securities

Answer: B

Business

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The outcome of conflicts between state and federal laws is dictated by the ________ of the U.S. Constitution

A) Commerce Clause B) Confrontation Clause C) Arbitration Clause D) Supremacy Clause

Business

Which of the following is a correct statement regarding the global dimensions of U.S. antitrust laws?

A) The U.S. Department of Justice has stated that U.S. antitrust law will be applied to all business practices, even if they have no "direct or intended effect" on the foreign commerce of the United States. B) Most commentators agree that even trivial restraints on the foreign commerce of the United States are likely to be prosecuted. C) U.S. appellate courts have held that U.S. courts have jurisdiction over business conduct by a foreign corporation that is based on a decision by the corporation's government to replace a competitive economic model with a state-regulated model. D) The courts of the United States evaluate the lawfulness of acts of foreign sovereigns performed within their own territories.

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