Accounting for marketable securities

Multiple choice questions quiz

Marketable securities are:

Marketable securities are reported in the balance sheet at their:

Which of the following cannot be an example of marketable security?

Which of the following is a correct journal entry to record the purchase of marketable securities?

The ABC Company purchases 1,000 shares of XYZ Company at a cost of $25 per share. It also pays a $500 as brokerage commission. The marketable securities account will be debited by:

The cash flows resulting from sale or purchase of marketable securities is classified as:

The marketable securities usually generate dividend or interest revenue which is an inflow of cash. Under US-GAAP, this revenue (inflow of cash) is classified as:

Which of the following may be a correct journal entry for the sale of marketable securities?

Which of the following would be reported in income statement?

Mark to market principle is generally applicable to:

The Fast Company provides you the following information about marketable securities held by it:

• Cost of marketable securities: $25,000
• Market value of marketable securities on balance sheet date: $26,500

On the basis of above information, which of the following is a correct journal entry to make mark-to-market adjustment to marketable securities?

The Meta Company sold marketable securities costing $60,000 for $75,000 cash. In income statement and statement of cash flows, respectively, this will appear as:

The Lazy Company provides you the following information about marketable securities held by it:

• Cost of marketable securities: $25,000
• Market value of marketable securities on balance sheet date: $20,000

On the basis of above information, which of the following is a correct journal entry to make mark-to-market adjustment to marketable securities?

When the assets are presented in balance sheet in the order of their liquidity, the marketable securities are presented immediately after:

The unrealized holding gain on marketable securities will:

The marketable securities are classified as available for sale securities. Therefore, the unrealized holding loss on marketable securities will: