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Question 6 1. Dividends received on equity securities are recorded with a: debit to Investment in Trading Securities and credit to Unrealized Gain-Trading Securities. debit

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Question 6 1. Dividends received on equity securities are recorded with a: debit to Investment in Trading Securities and credit to Unrealized Gain-Trading Securities. debit to Cash and credit to Dividend Revenue. O debit to Cash and credit to Investment in Trading Securities O debit to Cash and credit to Investment Income Question 7 1.67 pts Charlie Corporation purchased debt securities of Robbins Company for $10,000 on October 15, 2017 and accounts for it as an available- for-sale debt security. On December 31, 2017, the Robbins investment was selling for $16,000. On November 8, 2018, Charlie sold all of its investment for $14,000. Which of the following would be the amount credited to the Investment in Available for Securities account on November 8, 2018? O 816,000 O $14,000 O 510,000 O $2,000 Question 8 Companies normally record a full year's depreciation for an asset even if it was purchased or sold during the year. True O False > Question 9 1.67 pts Interest income received on available-for-sale debt securities are not reported as income, but rather as reductions in the investment balance True False

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