Ale co. has adopted statement of financial accounting standards no. 115, accounting for certain investments in debt and equity securities. kale purchased bonds at a discount on the open market as an investment and intends to hold these bonds to maturity. kale should account for these bonds at: answers: a. amortized cost. b. lower of cost or marketc. cost. d. fair value.

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?