Flora built her business from two employees to over 2,000 during her 30 years in business. she was able to endow a scholarship fund to the community college and to leave her children a perpetual income. we call this her?
a. corporate responsibility.
b. social mission.
c. good citizenship.
d. entrepreneurial legacy.

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?