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UESTION 44 If a debt investment is sold, the investment account is debited for the book value of the bonds at the sale date. debited

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UESTION 44 If a debt investment is sold, the investment account is debited for the book value of the bonds at the sale date. debited for the cost of the bonds at the sale date. OC. credited for the cost of the bonds at the sale date. OD. credited for the fair value of the bonds at the sale date. QUESTION 45 A purchase of common stock of Blue Wave Corporation for $14,500 was sold three months later for $15.000 The entry to record the sale would include a OA credit to Gain on Sale of Stock Investments of $500. OB. debit to Cash of $14,500 Oc c redit to Interest Revenue of $500 Malalamikia M AL OD. credit to Stock Investments of $15,000. QUESTION 46

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