The recognition of unrealized gains on passive equity investments
A) increases the current ratio.
B) decreases the current ratio.
C) does not affect the current ratio.
D) increases the current ratio if the investment is classified as current, otherwise it has no effect.
Correct Answer:
Verified
Q9: Passive investments in equity securities are:
A)actively 'traded'
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Q11: Passive investments in equity securities
A)are reported on
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Q17: Which one of the following correctly reflects
Q18: Which one of the following journal
Q19: Which one of the following is true
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