Idaho Company Purchased, as a Long-Term Investment, 30% of the Outstanding

question 16

Multiple Choice

Idaho Company purchased, as a long-term investment, 30% of the outstanding nonvoting preferred stock of Potato Corporation. Which of the following classifications should be used by Idaho Company in accounting for the investment?

• A)Trading securities.
• B)Held-to-maturity.
• C)Available-for-sale.
• D)Consolidation.

Understand the concepts and theories related to attitudes and attitude change, including the elaboration likelihood model.

Grasp the factors influencing the effectiveness of persuasion, including source credibility, message characteristics, and audience factors.

Recognize the role of classical and operant conditioning in developing attitudes.

Identify and explain cognitive dissonance and how it influences attitude and behavior change.

---

Definitions:

Economic Strategy

A plan of action designed to achieve specific financial or market objectives.

Exports

Items or services that are manufactured in one nation and purchased by consumers in a different country.

Imports

Goods or services brought into a country from abroad for sale or use.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, representing a measure of consumer benefit.