8. What are the two (Categories) classifications of Stock Investments? 1. 2. 9. Union Corporation acquires 50 Opal Inc. 7%, 10 year, $1000 bonds on January 1, 2018 for $50,000. The company makes 3 - Journal entries on its books: one to record the purchase, one to record the accrual of interest and the other to record the receipt of payment. WHAT ARE THESE THREE ENTRIES? 10. Madison Inc. obtained significance influence over Wayne, Inc. by buying 40% of Wayne, Inc. 50,000 shares of common stock at a cost of $10 per share on January 1, 2018. On May 15, Wayne, Inc. declared and paid a cash dividend of $40,000. On December 31, 2018, Wayne, Inc. reported net income of $110,000 for the year. WHAT ARE THESE THREE ENTRIES