201. Marketable securities(a.) Explain how investments in available-for-sale marketable securities are valued in the investor's balance sheet.(b.) Is valuation of investments in marketable securities...

201. Marketable securities
(a.) Explain how investments in available-for-sale marketable securities are valued in the investor's balance sheet.
(b.) Is valuation of investments in marketable securities consistent with (1) the cost principle, and (2) the objectivity principle?
(c.) What does Unrealized Holding Gain (or Loss) on Investments represent? How is this item reported in the financial statements?

202. Uncollectible accounts
(a.) What is an uncollectible account? Explain how a business suffers losses from uncollectible accounts.
(b.) "A competent credit manager should set credit policies so as to avoid any and all losses from uncollectible accounts." Is this statement accurate? Explain your answer.