Which of the following statements does not accurately describe the fair-value method of accounting?

a. investments for which current, reliable fair values exist are accounted for using this method
b. held-to-maturity investments are not accounted for using this method
c. dividends and interest received are recognized in current income
d. the investment is recorded on the balance sheet at its fair value
e. none of the above

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?