Answer all three 38-40

39 Businesses record goodwill . when they enjoy an outstanding reputation and loyalty with customers B) 1 th assets y acquire another company at an amount higher than the market value of its net C) when they continue the business of an acquired corporation D) if their market value has increased significantly in the recent years 39) Brandy Enterprises discarded a computer that was fully depreciated and had no residual value. As a result of this transaction, Brandy will A) report a loss equal to the historical cost of the computer. B) debit the Computer account and credit the Accumulated Depreciation - Computer account. C) debit the Accumulated Depreciation Computer account; debit Loss on Disposal o Computer account, and credit the Computer account D) zero out the Computer and Accumulated Depreciation Computer accounts 40) Leonard Technologies invests $68,000 to acquire S68,000 face value, 10%, five-year corporate bonds on December 31, 2014. The bonds will mature on December 31, 2019. The bonds pay interest semiannually on December 31 and June 30 every year until maturity. Assume Leonard Technologies uses a calendar year. Based on the information provided which of the following will be included in the journal entry for the transaction on December 31, 2018? A) a credit to Interest Revenue for $6800 B) a debit to Interest Revenue for $6800 C) a credit to Interest Revenue for $3400 D) a debit to Interest Revenue for $3400