O ca ezto.mheducation.com Quiz #2 @ Saved 5 Both interest paid on bonds and dividends paid on shares are tax-deductible. True or False points 01:08:46 True False eBook ezto.mheducation.com Quiz #2 i Saved Help Save & Exit Sul 8 Comoco purchased $3,000 of Borel Lid shares intending to sell the shares within a short time at a profit. The journal entry to record the transaction would include a debit to cash and a credit to short-term investments. True or False points X 01:08:19 True False eBook. . . [ - O "ezto.mheducation.com Quiz #2 i Saved 13 Debentures have specific assets of the issuing corporation pledged as collateral. True or False 1 points 01:07:46 True False eBook 0 ezto.mheducation.com Quiz #2 i Saved Estimated liabilities include employee health benefits, property taxes, and warranties. 11 True or False 1 points 8 01:07:57 True False eBook ezto.mheducation.com Quiz #2 i Saved Help Save & Exit Su 9 When a company purchases the shares of another company with the goal of participating in new markets or technologies, they are considered non- strategic investors. 1 points True or False 01:08:10 True False eBookO Saved Quiz #2 i The accounting for a contingent liability is the same as for a provision. 12 True or False 1 points 01:07:52 True False @Bookezto.mheducation.com Quiz #2 i Saved Help Save & Exit Subm A bond issue with a $100,000 par value, an 8% annual contract rate, with interest payable semiannually and a 10-year life means that the issuer must 10 repay $100,000 at the end of 10 years plus make 20 payments of $4,000. 1 True or False points 01:08:03 True False eBook. . . [ ~ ezto.mheducation.com Quiz #2 i Saved A non-current liability can have a current component. 15 True or False points 8 01:07:33 True False eBookezto.mheducation.com Quiz #2 i Saved Non-strategic investments are always classified as short-term regardless of how long the investment is planned to be held. 16 True or False points 01:07:26 True False eBook. . . 1 - O Gae ezto.mheducation.com Quiz #2 i Saved Help Save & Exit Subn 7 Tool Co. received cash dividends of $3.5 per share on 300 Sharp Systems Inc. shares. The journal entry to record the transaction is a debit to Cash of $1,050 and a credit to Dividend Income of $1,050. 1 True or False points X 01:08:28 True False eBook