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QUESTION 38 On the maturity date of a bond investment the journal entry includes OA) a debit to cash and a credit to Held to-Maturity

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QUESTION 38 On the maturity date of a bond investment the journal entry includes OA) a debit to cash and a credit to Held to-Maturity Debt investments B) a debit to Long term investments and a credit to Cash a debit to the interest Revenue and a credit to Cash recording again or loss on disposition at maturity QUESTION 39 Franklin Corporation invested 5100.000 to acquire 20.000 shares of Hope Technologies, Inc. on March 1, 2016. Hope pays a cash dividend of 50.25 per share on July 2. 2018. The investments classified as equity securities with no significant influence Based on these two transactions, which of the following is TRUE of the accounting equation as of 12. 2017 A) Total assets in the balance sheet will remain unchanged. my Current assets in the balance sheet will remain unchanged. C) Equity in the balance sheet will increase D) Total abilities in the balance sheet will increase QUESTION 40 All State Services, Inc. acquired 100.000 shares of Omega Metals.inc on January 1, 2018. Omega pays a cash dividend of 50.25 per share on March 2010 with the current investment. As Sale Services, Inc holds of Omega in the journal entry on March 2. 2019 AEquity investments is credited Dividend Revenue is credited Equity investment is debited O Cash Dividends is credited

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