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  3. 1. how does the accounting for investments (such a

1. How does the accounting for Investments (such as marketable securities) violate the historical cost...

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Accounting

1. How does the accounting for Investments (such as marketable securities) violate the historical cost principle? Why is this considered appropriate?

2. Explain why it takes so long for a home buyer to reduce the principal amount of a 30-year mortgage.

3. Explain the following in relation to payroll:

a. why workers paychecks are often significantly less than the amount quoted in their contract when hired

b. who pays Social Security tax if someone is self-employed and who pays it if the person is employed by a company

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