When a company collects the face value of a long-term investment in bonds at maturity, ________

A) total assets and equity of the firm remains unchanged
B) both assets and liabilities of the firm increase
C) both assets and equity of the firm increase
D) liabilities decrease and equity increases

A

Business

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a. True b. False

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Cost is the economic sacrifice made to acquire goods or services

Indicate whether the statement is true or false

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