please answer all so I can check my work (:

1. Watkins Inc. acquired 100,000 common shares of Napkins Inc for $8.25 a share on January 2, 2021. Brokerage and other transaction costs amounted to $1,750. Napkins Inc. had 1,000,000 shares of common stock outstanding throughout 2021. During 2021, Napkins Inc. reported net income of $500,000, and declared cash dividends of $50,000 on its common stock. Napkins Inc.'s common stock is listed on the NASDAQ, and, at December 31, 2021, its common was selling for 59.10 a share On Watkins financial statements for 2021, how should the Company report its investment in Napkins? A. On its income statement for 2021, an unrealized holding gain of $83,250 should be reported under "other income." B. On its balance sheet at December 31, 2021, the investment in Napkins should be reported at $910,000. CA and B. D. Neither A nor B. 2. Refer to the information in question 1. All of the facts presented in the question remain the same except for one-that is, Napkins Inc. had 400,000 shares of common stock outstanding during all of 2021. Watkins ownership of Napkins common gives it significant influence over Napkins operating, investing, and financial policies. On Watkins financial statements for 2021, how should the Company report its investment in Napkins? A. On its income statement for 2021, investment (equity) income of $125,000 should be reported under "other income." B. On its balance sheet at December 31, 2021, the investment in Napkins common should be reported at $951,750. A and B. D. Neither A nor B. C. 3. During 2021, Jacobsen Inc. reported an unrealized holding loss on its debt investments classified as trading securities. For 2021, the unrealized holding loss decreased A. Comprehensive income. B. Basic earnings per share. C. A and B. D. Neither A nor B. 4. Which of the following statements is correct? A. Of the two disclosure options for reporting comprehensive income, the more popular option is reporting comprehensive income in a continuous statement of comprehensive income. B. Basic and diluted earnings per share are reported on comprehensive income. CA and B. D. Neither Anor B. 5. During 2021, Lucas Inc. reported an unrealized gain on its debt investments classified as available for sale securities. For 2021, the unrealized holding gain increased A B. C. D. Net income. Other comprehensive income A and B. Neither Anor 8. Use the information below to answer questions 6-11. Hint: study my chapter notes on pages 10-13 Oliver Inc. acquired $100,000 of face value bonds of Hardy Co. on June 30, 2021, for $96,140. The bonds pay interest on June 30 and December 31. On December 31, 2021, Oliver made the following journal entry: Cash Marketable Debt Securities Interest Revenue 2,000 403 2,403 On December 31, 2021, the market value of the bonds was 596,703. 6. Assume that Oliver, as of December 31, 2021, classified the investment in bonds as a trading security. What amounts related to the bonds should be included in Oliver's net income for 2021 and reported under current assets on its balance sheet at December 31, 2021? Net income Balance sheet A. B C. D. $2,563 $2,563 $2,403 $2,403 596,543 $96,703 596,543 $96,703 7. Assume that Oliver, as of December 31, 2021, classified the investment in bonds as available for sale. What amounts related to the bonds should be included in Oliver's net income for 2021 and reported under assets on its balance sheet at December 31, 2021? Net income Balance sheet A B C. D. $2,563 $2,563 $2,403 $2,403 $96,543 $96,703 $96,703 596,543 8. Assume that Oliver, as of December 31, 2021, classified the investment in bonds as held to maturity. What amounts related to the bonds should be included in Oliver's net income for 2021 and reported under noncurrent assets on its balance sheet at December 31, 2021? Net income Balance sheet A B. C. D. $2,563 $2,563 $2,403 $2,403 596,543 $96,703 $96,703 $96,543 9. For the year ended December 31, 2021, which classification(s) for the Hardy bonds would result in the largest amount reported for net income? A. Held to maturity B. Available for sale C. Trading D. Both B and C. 10. For the year ended December 31, 2021, which classification(s) for the Hardy bonds would result in the largest amount reported for comprehensive income? A Held to maturity. B. Available for sale. C. Trading D. Both B and C 11. At December 31, 2021, which classification(s) for the Hardy bonds would result in the largest amount reported for total assets on Oliver's balance sheet? A. B. C. D. Held to maturity Available for sale. Trading Both B and C. Use the following information to answer questions 12-14. Hint: study my notes on pages 14-19. Beta Inc. acquired $120,000 of Alpha Inc bonds at face value on April 30, 2021. The bonds pay interest at 3% on April 30, and October 31. At December 31, 2021, Beta classified the Alpha bonds as available for sale on the same date, the market value of the bonds was $119,400. On April 30, 2022, Beta sold the Alpha bonds for $118,300. 12. For the year ended December 31, 2021, which of the following statements pertaining to Beta's investment in Alpha Inc.'s bonds is correct? Interest revenue of $2,400 is reported under "other income" on the income statement An unrealized holding loss 5500 is reported in other comprehensive income. A and B. Neither A nor 6 A B. C. D. 13. For the year ended December 31, 2022, which of the following statements pertaining to Beta's investment in Alpha bonds is correct? A B. C. D Interest revenue of $1,800 is reported under "other income on the income. A realized loss of $1,700 from the sale of bonds is reported under "other income on the income statement A and B. Neither A nor 8. 14. For the year ended December 31, 2022, which of the following disclosures is reported in other comprehensive income? A. An unrealized holding loss of $1,100. B. A reclassification adjustment of $1,700 for the loss included in net income CA and B. D. Neither A nor B. 15. Which of the following statements is correct? A. Comprehensive income is equal to net income + accumulated other comprehensive income. B. Reclassification adjustments are required to be disclosed when available for sale securities are sold for realized gains (losses) this year that were reported as unrealized gains (losses) in the previous year. C. A and B. D. Neither A nor B. 16. Which of the following statements is correct about the fair value option (FVO)? A. The FVO may be used for the portfolio of securities that are classified as available for sale. 6. Unrealized gains (losses) on FVO securities are included in the amount reported for net income. C. A and B. D. Neither A nor B. Go online and find Alphabet's (Google's) 10-K for the year ended December 31, 2020. The following questions (17 through 23) are based on its financial statements and Notes 1 and 3. 17. How much did Alphabet spend in 2020 to acquire marketable securities? A $100,315,000,000 B. 550,158,000,000 C. $136,576,000,000 D. $110,229,000,000 18. What classification does Alphabet use to report its marketable debt securities? A Trading 8. Available for sale. C. Held to maturity D. A, B, and 19. The company's marketable debt securities are comprised of A. Government bonds 8. Mortgage-backed and asset-backed securities, C. Corporate debt securities. D. A B, and C 20. At December 31, 2020, what is the fair value of the company's marketable equity securities? A $ 5,858,000,000 B. 5 5,592,000,000 c. 524,751,000,000 D. S 3,296,000,000 21. Assume Alphabet has an account in its accounting system for "Other Comprehensive Income-unrealized gains (losses). In the Company's adjusting journal entry to recognize unrealized gains (losses) on its marketable debt securities for the year ended December 31, 2020, what was the amount of the credit to this account? A $1,611,000,000 B. $ 88,000,000 C. $1,313,000,000 D. S 513,000,000 22. Assume Alphabet has an account in its accounting system for "Other Comprehensive Income-reclassification adjustment." In the Company's adjusting journal entry to recognize the reclassification adjustment for marketable debt securities sold during the year ended December 31, 2020, what was the amount of the debit to this account? A $1,611,000,000 B. $ 88,000,000 C. $1,313,000,000 D. $ 513,000,000 23. Which of the following statements is correct? A Alphabet reports comprehensive income in two separate but consecutive statements. B. As of December 31, 2020, the fair value of marketable debt securities that are reported using the fair value option was $2 billion. C. A and B. D. Neither A nor B. Use the information below to answer questions 24 to 26. Berry Company began operations in 2021 and reported the following marketable equity securities at December 31, 2021 Marketable Equity Securities (MES) Cost Market Cat Common Rhino Common Leopard Common Totals $ 43,000 36,800 76,200 $156.000 $ 42,500 35,400 74.200 $152.109 During 2022, Berry sold all of its marketable equity securities for $156,000 and acquired the common stock of Python and Rabbit. As of December 31, 2022, the cost and market values of Berry's marketable equity securities were: Marketable Equity Securities Market Cost Rabbit Common Python Common Totals $ 43,800 89 200 $133.000 $ 45,900 90.100 $136.000 A. 24. Which of the following statements is correct? An unrealized holding loss of $3,900 should be reported in net income for the year ended December 31, 2021. on the balance sheet at December 31, 2021, the marketable equity securities should be reported at $156,000. A and B. Neither A nor B. B. C. D 25. Which of the following statements is correct? A. A realized gain of $5,900 should be reported as "other income" on the income statement for the year ended December 31, 2022. B. The balance in the account "Fair Value Adjustment-MES" at December 31, 2022, is a debit of $3,000 CA and B. D. Neither A nor B. I 26. Which of the following statements is correct? A. An unrealized holding gain of $6,900 is reported as "other income" on the income statement for the year ended December 31, 2022 8. A reclassification adjustment of $2,000 is reported in other comprehensive income for 2022 C. A and B. D. Neither A nors. 27. Which of the following statements is correct? A. Marketable equity securities are classified as of the balance sheet date, either as trading securities or available for sale securities. B. If marketable debt securities are not classified as either trading securities or available for sale securities, the default classification is to report the securities as held to maturity C. A and B. D. Neither Anor B