题目内容

Long-term investments include:

A.stocks and bonds.
B.securities that the investor expects to hold longer than one year.
C.securities reported in the noncurrent asset section of the balance sheet.
D.all of the above.

查看答案

搜索结果不匹配？点我反馈

更多问题

An investor purchased bonds and intends to hold them until the maturity date which is 10 years into the future. The bonds were purchased at a discount. One year after purchase, this Held-to-Maturity Investment in Bonds will be reported at ________ on the balance sheet.

A.fair value
B.historical cost
C.lower of cost or market
D.amortized cost

查看答案

On January 1, 2015, Benson Company purchases $100,000, 6% bonds at a price of 95 and a maturity date of January 1, 2020. Benson Company plans to hold the bonds until their maturity date. Interest is paid semiannually, on January 1 and July 1. Benson Company has a calendar year end. The adjusting entry on December 31, 2015 is:

A.debit Cash $3,000 and credit Interest Revenue $3,000.
B.debit Cash $6,000 and credit Interest Revenue $6,000.
C.debit to Interest Receivable $3,000, debit Held-to-Maturity Investment in Bonds for $500 and credit Interest Revenue $3,500.
D.debit to Interest Receivable $6,000 and credit Interest Revenue $6,000.

查看答案

On January 1, 2015, Carmody Corporation purchased 5% bonds with a face value of $40,000 for $42,000. Carmody Corporation intends to hold the bonds until the maturity date. Interest is paid semiannually on January 1 and July 1. The journal entry on January 1, 2015 is:

A.debit Held-to-Maturity Investment in Bonds for $40,000, debit Premium on Bonds for $2,000 and credit Cash for $42,000.
B.debit Held-to-Maturity Investment in Bonds for $42,000 and credit Cash for $42,000.
C.debit Investment in Bonds for $42,000 and credit Interest Revenue for $42,000.
D.debit Investment in Bonds for $40,000, debit Premium on Bonds for $2,000 and credit Interest Revenue $42,000.

查看答案

If an investor owns less than 20% of the common stock of another company as a long-term investment:

A.the equity method of accounting should be used for the investment.
B.the investor has a controlling interest in the investee.
C.the investor usually has little or no influence on the investee.
D.the investor has significant influence on the investee.

查看答案

Long-term investments include:

A.stocks and bonds. B.securities that the investor expects to hold longer than one year. C.securities reported in the noncurrent asset section of the balance sheet. D.all of the above.

An investor purchased bonds and intends to hold them until the maturity date which is 10 years into the future. The bonds were purchased at a discount. One year after purchase, this Held-to-Maturity Investment in Bonds will be reported at ________ on the balance sheet.

On January 1, 2015, Carmody Corporation purchased 5% bonds with a face value of $40,000 for $42,000. Carmody Corporation intends to hold the bonds until the maturity date. Interest is paid semiannually on January 1 and July 1. The journal entry on January 1, 2015 is:

If an investor owns less than 20% of the common stock of another company as a long-term investment:

A.stocks and bonds.
B.securities that the investor expects to hold longer than one year.
C.securities reported in the noncurrent asset section of the balance sheet.
D.all of the above.