20.On the maturity date of a bond? investment, the journal entryincludes? ________. A. a debit to? Long-term
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Question:
20.On the maturity date of a bond? investment, the journal entryincludes? ________.
A. a debit to? Long-term Investments and acredit to Cash
B. a debit to the Interest Revenue and a credit toCash
C. recording a gain or loss on disposition at maturity
D. adebit to Cash and a credit to? Held-to-Maturity DebtInvestments
Expert Answer:
ANSWER B a debit to the Interest Revenue and a credit to Cash In a revenue account an increase in de... View the full answer
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
