Bhatrat Corporation purchased 44% of Ferris Corporation for $104,000 on January 1 On October 17 of the same year, Ferris Corporation declared total cash dividends of S16,000. At year-end, Ferris Corporation reported net income of $64,000. The balance in the Bharat's Equity Method Investments-Ferris account at December 31 should be: Multiple Choice 5132360 $82,080 5126120 Help McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $54,400 in cash dividends from Gondor, The er record the cash dividend received from Gondor would include a Multiple Choice Debit to Dividend Revenue for $54.400, Debit to Dividends for $136.000 Creditto Cash for 554.400 A company paid $42,800 to acquire 8% bonds with a $45,000 maturity value. The company intends to hold the bonds to matu proceeds the company will receive when the bonds mature equal Multiple Choice $43.450, $48.600 $45,000 Barnes Company purchased $68,000 of 8.0% bonds at par. The bonds mature in six years and are classified as a held-to-ma Which of the following is the correct journal entry to record the receipt of the usual semiannual interest payment? Multiple Choice debit Cosh 55 440 credit Unrealized Goin-Equity, 55,440 debit Cash, 52,720, credit interest Revenue, $2720 debit Cash $2.720; credit Long-Term Investments HTM52720 Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities fair values for its portfolio of these debt securities follows. The year-end adjusting entry to record the unrealized gain 20x1 is: Available-for-Sale Securities Cost Fair Value December 31, 20x1 $260,000 $249,000 December 31, 20X2 $348,000 $360,500 Multiple Choice Debit Unrealized Loss - Equity $11000; Credit Foir Value Adjustment - Available for Sale (LT) $11,000 Debit Realized Loss -Income $11.000 Credit Fair Value Adjustment - Available for Sale (ST) $11,000