Angular Co

question 57

Multiple Choice

Angular Co.purchased the following portfolio of available-for-sale securities during 2014 and reported the following balances at December 31,2014.No sales occurred during 2014.All declines are considered to be temporary. Angular Co.should report what amount related to the securities transactions in its 2014 income statement?

• A) $0
• B) $2,000 unrealized loss
• C) $10,000 unrealized loss
• D) $12,000 unrealized loss

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Definitions:

Norris-LaGuardia Act

A 1932 U.S. federal law that restricts the power of federal courts to issue injunctions against nonviolent labor disputes and supports workers' rights to participate in unions and strikes.

Yellow Dog Contracts

Employment agreements where workers promise not to join a labor union during their tenure with the employer, historically deemed unenforceable in the U.S.

Criminal Conspiracy Doctrine

A legal principle that regards the agreement between two or more parties to commit a criminal act as punishable, even if the intended crime is not actually completed.

NLRB

The National Labor Relations Board, an independent U.S. federal agency that protects employees' rights to organize and to determine their labor relations representatives.