Short-term investments are intended to be convened into cash within the Within the longer of one year or the current operating cycle of the business, and are readily convertible to cash. True or False Long-term investments include investments m land or other assets not used in a company's operations. True False Debt securities are recorded at cost when purchased. True False Debt securities are recorded at cost when purchased, and interest revenue foe investments in debt securities is recorded when earned. True False Any cash dividends received from equity securities are recorded as Dividend Expense. True False When an investment in an equity security is sold, the sale proceeds are compared with the cost, and if the cost is greater than the proceeds, a gain on the sale of the security is recorded. True False A company received dividends of $0.35 per share on 300 shares of stock n holds ms an investment. The journal entry to record this transaction would be to debit Cash for $105 and credit Dividend Revenue for $105. True False An investor purchased $50.000 of 10 year bonds it intends to hold to maturity. The investor's journal entry to record the purchase should include a debit to Long-Term Investments for $50.000 and a credit to Cash for $50.000. True False A company holds $40,000 of 7% bonds as a held-to-maturity security. The journal entry to record receipt of a semiannual interest payment includes a debit to Cash for $2.800 and a credit to Interest Revenue for $2.800. True False A controlling investor is called the parent, and the investee company is called the subsidiary. True False