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Green Services, Inc. invests its excess cash in Creative Technologies, Inc. and acquires 2,000 shares for $54.25 per share. Green Services, Inc. owns less than
Green Services, Inc. invests its excess cash in Creative Technologies, Inc. and acquires 2,000 shares for $54.25 per share. Green Services, Inc. owns less than 2% of Creative's voting stock and plans to hold the stock for two years. While preparing the journal entry to record this transaction, ______. A. Long-term Investments-Held-to-Maturity is debited for $108, 500 B. Long-term Investments-Available-for-Sale is debited for $108, 500 C. Long-term Investments Trading Investments is credited for $108, 500 D. Long-term Investments-Significant Interest Investments is debited for $108, 500
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