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  3. 25. when an investor classifies an investment in c

25. When an investor classifies an investment in common stock as securities available for sale,...

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Accounting

25. When an investor classifies an investment in common stock as securities available for sale, cash dividends are classified by the investor as: A. A return of capital. B. A loss. C. A deduction from the investment account. D. Dividend income.

26. A foreign currency transaction gain will be recognized by a U.S. company when it has a receivable from a foreign company a. denominated in dollars and the foreign currency weakens relative to the dollar before payment is received. b. denominated in foreign currency and the foreign currency strengthens relative to the dollar before payment is received. c. denominated in dollars and the foreign currency strengthens relative to the dollar before payment is received. d. denominated in foreign currency and the foreign currency weakens relative to the dollar before payment is received.

27. When the local currency of the foreign subsidiary is the functional currency, a foreign subsidiary's inventory carried at cost would be converted to U.S. dollars by: a. translation using historical exchange rates. b. remeasurement using historical exchange rates. c. remeasurement using the current exchange rate. d. translation using the current exchange rate.

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