age s s. which of the follo long-term debt investments a. When selling long-term wing is a major difference when accounting versus short-term debt inves investments, no gain or 10ss recognized inveatments? e end of the year, any unrealized gain r so debt investments must be recognized in the stockho section of the balance sheet oss on long-term equity c. Interest revenue is not recognized for long-te d. For short-term investments, bond premium or amortized to interest revenue. discount is not 26. Available-for-sale securities are classified as a. short-term investments only b. long-term investments only C. either short-term or long-tem investments. current assets only a. a subsidiary ledger account. c. a general ledger control account 27. The account, Stock Investments,is d. another name for Debt Investments. 28. Which of the following would not be classified as a short-term investment? a. Short-term commercial paper b. Idle cash in a bank checking account c. Marketable stock securities d. Marketable debt securities corporation, it is generally presumed that the investor a. has insignificant influence on the investee and that the cost 29. when an investor owns between 20t and 508 of the common stock of a method should be used to account for the investment. b. should apply the cost method in accounting for the investment. c. will prepare consolidated financial statements d. has significant influence on the investee and that the equity method should be used to account for the investment. 0. Which of the following is not a true statement about the accounting for long-term debt investments? a. The investment is initially recorded at cost b. The cost includes any brokerage fees c. The accounting for long-term debt investments is similar to the accounting for short-term debt investments. d. The cost includes any accrued interest