> Question 41 2 pts GAAP requires investments in bonds classified as trading securities to be reported at their: maturity value. fair value. net realizable value. historical cost. Question 42 2 pts As part of the initial investment, Ray Blake contributes equipment that had originally cost $125,000 and on which accumulated depreciation of $100,000 has been recorded. If similar equipment would cost $150,000 to replace and the partners agree on a valuation of $29,000 for the contributed equipment, what amount should be debited to the equipment account? $125,000 $150,000 $29.000 $100,000 Question 43 2 pts Which of the following is most associated with managerial accounting? O always reports on the entire entity is prepared for users outside the organization must follow GAAP may rely on estimates and forecasts Question 44 2 pts The account Gain (Loss) on Investments should be included on the: balance sheet as an adjustment to stockholders'equity. income statement as other revenue (expense). balance sheet as an adjustment to the asset account. statement of retained earnings