1-Which of the following is not a primary reason why corporations invest in debt and equity securities? (@) They wish to gain control of a competitor.. (b) They have excess cash. (e) They wish to move into a new line of business. (d) They are required to by law. 2-Hanes Company sells debt investments costing $26,000 for $28,000. In journalizing the sale, credits are to: (a) Debt Investments and Loss on Sale of Debt Investments. (b) Debt Investments and Gain on Sale of Debt Investments. (c) Stock Investments and Gain on Sale of Stock Investments. (d) No correct answer is given