Green Services, Inc invests its excess cash in Creative Technologies, Inc and acquires 6,000 shares for $61
75 per share. Green Services, Inc owns less than 2% of Creative's voting stock and plans to hold the stock for two years. While preparing the journal entry to record this transaction, ________.
A) Long-term Investments-Available-for-Sale is debited for $370,500
B) Long-term Investments-Held-to-Maturity is debited for $370,500
C) Long-term Investments-Trading Investments is credited for $370,500
D) Long-term Investments-Significant Interest Investments is debited for $370,500
A
You might also like to view...
Which of the following causes of death would most likely be covered in a life insurance policy issued today, though for many years it was typically excluded from coverage?
A) A commercial airline pilot is killed when his personal airplane crashes into the ocean. B) A skydiving hobbyist dies when his parachute fails to open during a skydive. C) A soldier is killed while on a night patrol in a war zone. D) A fare-paying passenger is killed in a commercial airplane crash while flying to visit a relative."
________ is concerned with the nature and degree of association between variables and does not imply or assume any causality
A) Regression analysis B) Analysis of variance C) Deviation analysis D) F-test E) Functional linear analysis