NSC Corporation has invested in 10% of the outstanding stock of VC Corporation.NSC intends to actively manage this investment for profit.This investment is classified as:
A) an available-for-sale security.
B) a held-to-maturity security.
C) a trading security.
D) a significant influence security.
E) a controlling influence security.
Correct Answer:
Verified
Q32: Profit margin is net sales divided by
Q34: Investments in held-to-maturity debt securities are always
Q43: When using the equity method for investments
Q45: On May 15,Briar Company purchased 10,000 shares
Q47: On May 1,Franke Co.purchases 2,000 shares of
Q49: The cost method of accounting is used
Q52: Long-term investments are reported in the:
A) Current
Q54: Any unrealized gain or loss for the
Q55: Short-term investments:
A)Are securities that management intends to
Q60: Long-term investments in available-for-sale securities are reported
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents