QUESTION 32 Dynamic Software, Inc. invests excess cash of $100.000 in corporate bonds on March...
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QUESTION 32 Dynamic Software, Inc. invests excess cash of $100.000 in corporate bonds on March 30, 2019. The bonds mature 20 years from the date of purchase. Dynamic plans to hold the bonds maturity and has the ability to do so. How does the March 30, 2019 transaction affect the accounting equation! A) liabilities will increase B) equity will decrease OC) long-term assets will decrease OD total assets will remain unchanged QUESTION 33 When a company pays cash for a long-term investment in bonds. OA) equity remains unchanged B) current assets increase c) liabilities increase OD) total assets increase QUESTION 34 Leonard Technologies invests 361.000 to acquire 5611,000 face value, one year corporate bonds on December 2014. The bonds will mature on December 31, 2016. The band me semiannually on December 31 and June 30 every year until maturity Assume Leonard Techniques a calendar year. Based on the information provided which of the flowing w. beide in the journal entry for the transaction on December 31, 2018 A) a credit to interest Revenue for 50000 OB) a debit to interest Revenue for 56800 Cya credit to interest Revenue for $3400 Da debit to interest Revenue for $3400

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