Question 19 Crane Company purchased $1450000 of 9% bonds of Scott Company on January 1, 2018, paying $1362375. The bonds mature January 1, 2028: interest is payable each July 1 and January 1. The discount of $87625 provides an effective yield of 10 % . Crane Company uses the effective-interest method and plans to hold these bonds to maturity On July 1, 2018, Crane Company should increase its Debt Investments account for the Scott Company bonds by $4381 $2869 $5738 $8763. LINK TO TEX Question Attempts: 0 of 1 used SAVE FOR LATER suHIT ANSwER dv CALCULATOR FULL SCREEN PRINTER VERSION BAC Question 20 Sheridan Company owns 4500 of the 10000 outstanding shares of Penn Corporation common stock. During 2018, Penn earns $500000 and pays cash dividends of $155000. If the beginning balance in the investment account was $950000, the balance at December 31, 2018 should be $1295000 $1175000. $1105250 $950000. LINK TO TEXT SAVE FOR LATER SUBHET ASW Question Attempts: 0 of 1 used CALCULA Question 16 Which of the following is not correct in regard to trading securities? They are held with the intention of selling them in a short period of time. Unrealized holding gains and losses are reported as part of net income. Any discount or premium is amortized. All of these choices are correct. LINK TO TEXT Question Attempts: 0 of Study e here to search Question 15 Debt securities that are accounted for at amortized cost, not fair value, are never-sell debt securities. held-to-maturity debt securities. available-for-sale debt securities. trading debt securities. LINK TO TEXT Question Atter udy