The company could have taken the funds that it has invested in production equipment andinvested them in interest-bearing securities instead. The interest forgone on the securities is a(n)__________________________________

In current asset management, what is the float? How would paying by check allow a business to take advantage of the float?

Western Die-Casting Company holds an investment in unsecured bonds of LGB Heating Equipment, Inc. When the investment was acquired, management’s intention was to hold the bonds for resale. Now management has the positive intent and ability to hold the bonds to maturity. How should the reclassification of the investment be accounted for?

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