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QUESTION 35 Roger Technologies invests 550.000 to acquire 550.000 face value fiveyear corporate bonds on January 2, 2017. The bonds will mature on January 2,
QUESTION 35 Roger Technologies invests 550.000 to acquire 550.000 face value fiveyear corporate bonds on January 2, 2017. The bonds will mature on January 2, 2022. The band pay interest semiannusty on January 2 and July 2 each year until maturity. When Roger Technologies receives Interest payments. how is the accounting equation affected? A) assets will decrease 1) total assets will remain unchanged Clabilities will decrease D) equity will increase QUESTION 36 When a company receives interest revenue on a long term investment in bonds A) long term assets decrease long term assets increase C) equity increases by current assets decrease QUESTION 37 When a company collects the face value of a long-term investment in bonds at maturity A total assets and equity of the firm remains unchanged By both assets and liabilities of the firm increase both assets and equity of the form increase of liabilities decrease and equity increases
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