Question: Green Services invests its excess cash in Creative Technologies and acquires 1 , 0 0 0 shares for $ 5 3 . 2 5 .

Green Services invests its excess cash in Creative Technologies and acquires 1,000 shares for $53.25. Green Services owns less than 1% of Creative's voting stock and plans to hold the stock for two years. While preparing the journal entry to record this transaction: a. Long-term Investments-Significant Interest Investments will be debited for $53,250. b. Long-term Investments-Available-for-Sale will be debited for $53,250. c. Long-term InvestmentsTrading Investments will be credited for $53,250. d. Long-term Investments-Held-to-Maturity will be debited for $53,250.

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