This preview shows page 1. Sign up to view the full content.
Unformatted text preview: income will increase based on this information. True or False True or False If Longhorn Corporation’s stock price was $15 on 12/31/2010 then Bear Corporation’s 12/31/2010 total assets will increase based on this information. True or False True or False Net Unrealized Gains/Losses close to an income statement account and then to retained earnings. True or False True or False If Bear Corporation sold all of their Longhorn Corporation stock on 12/15/2011 for $18 per share then Bear Corporation’s 2011 net income will contain a realized gain. True or False True or False...
View Full Document
This note was uploaded on 12/13/2011 for the course ACC 311 taught by Professor Charrier during the Fall '08 term at University of Texas at Austin.
- Fall '08
- Financial Accounting