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QUESTION 32 Equity securities in which the investor lacks the ability to particpate...

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Accounting

QUESTION 32
Equity securities in which the investor lacks the ability to particpate in the decisions of the investee company are classified as q, investments. controlling interest equity no significant influence equity significant influence equity available-for-sale equity
QUESTION 33
The journal entry for accrued interest on a note payable includes q, a debit to Interest Expense and credit to Cash
a debit to Interest Expense and credit to Interest Payable
a debit to Interest Payable and credit to Cash
a credit to Interest Expense and debit to Notes Payable
q,
QUESTION 34
Treasury stock.
decreases the number of shares issued
decreases the number of shares outstanding
increases the number of shares issued
increases the number of shares issued
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