怀尔德会计学原理第21版课后习题答案SMChap015.doc

答案家 免费找答案 ` ?2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. PAGE 918 Fundamental Accounting Principles, 21st Edition PAGE 865 ?2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. Solutions Manual, Chapter 15 Chapter 15 Investments and International Operations QUESTIONS 1. To be classified as current assets, investments must be (i) capable of being converted into cash quickly and (ii) management must intend to sell the investments as a source of cash to satisfy the needs of current operations (within one year or the operating cycle, whichever is longer). 2. Short-term investments in trading securities are reported on the balance sheet at the fair (market) value of the portfolio of trading securities. 3. The $2,000 difference between the proceeds ($12,000) and the cost ($10,000) is credited to Gain on Sale of Short-Term Investments and reported in the income statement. The three classes of noninfluential investments in securities are: debt and equity trading securities. debt securities held-to-maturity. debt and equity securities available-for-sale. The two classes of influential investments in securities are: a) equity securities giving an investor a significant influence over an investee. b) equity securities giving an investor control over an investee. 5. To be classified as current assets, investments must be capable of being converted into cash quickly and management must intend to sell the investments as a source of cash to satisfy the needs of current operations. To be classified as long term, i