Question
1.) Crandall's investment is in less than 2% of Mobil's stock, which Crandall expects to hold for three years and then sell. What type of
1.) Crandall's investment is in less than 2% of Mobil's stock, which Crandall expects to hold for three years and then sell. What type of investment is this? A.Equity with insignificant influence
B.Debt
C.Consolidation
D.Equity with significant influence
2.) On November 1, 2018,Sigma Inc. invests in $1,000,000 of 5%, 10-year bonds issued by Microsoft Corporation, intending to hold the bonds until their maturity. The bonds pay interest each January 1 and July 1. What account related to the bonds will be on Sigma's income statement for the year ended December 31, 2018?
A.Interest receivable
B.Interest revenue
C.Interest payable
D.Interest expense
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