Question 45 2 pts Held-to-maturity securities: are reported at fair market value. may be reported as current or noncurrent assets. All of these choices. include stocks as well as bonds. D Question 46 2 pts The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is: debit Salaries Expense; credit Salaries Payable. debit Vacation Pay Expense; credit Vacation Pay Payable. debit Vacation Pay Payable; credit Vacation Pay Expense. debit Salaries Expense; credit Cash. Question 47 2 pts Common Stock investments using the cost method are: not reported on the balance sheet. reported at fair value on the balance sheet. reported at cost on the balance sheet. reported with property, plant and equipment on the balance sheet. Question 48 2 pts On January 1st, Vermont Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $20 per share. On February 1st, Vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on March 1st. The journal entry to record the purchase of the treasury shares on February 1st would include a: credit to a gain account for $112,500. debit to a loss account for $112,500. debit to Treasury Stock for $90,000. credit to Treasury Stock for $90,000