166 170 186 190 2002 They are reported as long-term assets on the balance sheet only if they are planned to be held for longer than a year. QUESTION 23 Which of the following is TRUE of the comparison between equity securities and debt securities? Neither debt securities nor equity securities mature at a stated date. Equity securities may earn dividend revenue whereas debt securities earn interest revenue. Both debt Securities and equity securities pay interest Debt securities represent stock ownership in a company whereas equity securities represent a credit relationship with the company QUESTION 24 Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In addition to the $25,000, Amex also paid a $1,000. Amex intends to hold the bonds until maturity and has the ability to do so. When the bonds mature on March 30, 2020, Amex plans to u business expansion. Which of the following is included in the journal entry on March 30, 2018? a debit to Trading-Debt Investments for $26,000 a debit to Held-to-Maturity Debt Investments for $25,000 a debit to Held-to-Maturity Debt Investments for 526,000 a debit to Trading Debt Investments for $25,000 Click Save and Submit to save and submit. Click Save All Answers to save all ans. 16