Which of These Statements Is True of Two or More

question 24

Multiple Choice

Which of these statements is true of two or more current sources in parallel?

• A) They violate Kirchhoff's current law.
• B) A series resistor must be placed in each branch.
• C) They may be replaced by one current source.
• D) The magnitude of the combined current is always less than the smallest individual current.

Understand and apply the equity method of accounting for investments.

Recognize the accounting treatments for dividends received under the equity method.

Understand the transition from the fair value method to the equity method of accounting.

Describe the characteristics and accounting treatments of derivatives and hedges.