Question 36 Held-to-maturity investments apply only to debt securities because These are long-term investments 8. Equity securities are held for a very short period c. Equity securities do not mature on a specific date Od. These securities earn periodic interest Question 37 ABC Financial Services in invested $23.750 60 cquire 4.750 shares of DF Investments Inc. on March 15, 2012. This investment represents less than 2018 of the investee's voting Mock On May 7, 2016, ABC Financial Services Ineses 1,500 shares for $12,230. Which of the following will be the correct journal entry for this transaction? Cash 523,750 Long-term Investments Available for Sale $23.750 Gain on Disposal 523.750 Long-term investments Available for Sale 523.750 OC $12.230 Long-term lavestment Available for Sale Gain on Disposal 57,500 54,730 Cash Los Disposal 512,230 511,520 Long-term Investments Available for Sale $23.750