ecc.edu QUESTION 1 Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method. True O False QUESTION 2 The cumulative effects of other compr True C False QUESTION 3 On June 1, $40,000 of treasury bonds were purchased between interest dates. The brokerage commission was $600. The bonds 12%, which is paid semiannually on January 1 and July 1, How much interest revenue will be recorded on July 1? . $400 b. $406 c.$2,400 d. $2,000 QUESTION 4 Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit True False