An introduction to provide an overview of the different types of organisations from UK in different sectors: Review different organisational forms of business - for profit, public sector charities not-for-profit, and charities understanding the reasons for their structure and their financing. Answer guide:
1. Choose one organisation for each different type of business.
2. Explain their aim.
3. Assess their structures and financing.

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?