The sale of a short-term equity investment includes a debit to
A) Short-term investments
B) Gain on sale of short-term investment
C) Long-term equity investments
D) Cash
E) All of these
Correct Answer:
Verified
Q90: The method used to account for non-strategic
Q91: Investments in associates are
A)Recorded at historical cost
Q92: Under IFRS,non-strategic debt investments are initially recorded
Q93: Non-strategic investments are usually
A)Current assets
B)Expected to be
Q94: After initial recognition,using ASPE,an entity should measure
Q96: If one company owns more than 20%
Q97: You are referred to as an investor
Q98: Accounting for long-term investments in equity securities
Q99: The controlling investor is called the
A)Owning company
B)Subsidiary
Q100: Investments in associates are classified as
A)Current assets
B)Noncurrent
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