Question
A company purchases 1,000 shares of ABC Corporation for $123,000 and management considers this investment to be securities available for sale. The entry to record
A company purchases 1,000 shares of ABC Corporation for $123,000 and management considers this investment to be securities available for sale. The entry to record the acquisition of the securities would include:
| A) A credit to Common Stock for $123,000. B)A credit to Securities available for Sale for $123,000. C)A debit to Securities available for Sale for $123,000. D)A debit to Cash for $123,000. | |
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Interne Revision In Verbundgruppen Und Franchise Systemen Verbreitung Und Qualit T Der Internen Revision In Unternehmensnetzwerken
Authors: Hans Ulrich Westhausen
1st. Aufl. 2016 Edition
3658121963, 978-3658121969
