Homework Answers
| Accounts | Debit | Credit |
| Equity investment-Worlds investment inc | 88,400 | |
| Revenues from investment (260000*34%) | 88,400 | |
Option A. is correct answer.
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This Question: 1 pt 9 of 20 (7 complete) This Test: 20 pts possible Land Services,...
Amazon Services, Inc. invests its excess cash in Nile Technologies, Inc. and acquires 3,000 shares for...
Amazon Services, Inc. invests its excess cash in Nile Technologies, Inc. and acquires 3,000 shares for $57.00 per share. Amazon Services, Inc. owns less than 1% of Nile's voting stock and plans to hold the stock for two years. While preparing the journal entry to record this transaction, O A. Equity Investments is debited for $171,000 O B. Long-term Investments is credited for $171,000 O c. An equity account is debited for $171,000 OD. Common Stock is debited for $171,000...
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Leonard Technologies invests $68,000 to acquire $68,000 face value, 12%, five-year corporate bonds on December 31,...
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This Question: 2 pts 2 of 17 (1 complete) This Test: 34 pts possible Question Help...
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is Question: 1 pt 2 of 20 This Quiz: 20 pts possible $ In December 1,...
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