Question 7 How would a company record the invoice for routine maintenance performed on a piece of existing equipment? Not yet answered Marked out of 1.00 Select one: a. as liability for the current period O b. as an expense for the current period P Flag question c. as a capitalized cost for the current period O d. as a future expense Under the Equity Method what causes the balance of the investment to decrease? Question 8 Not yet answered Marked out of 1.00 Select one: O a. the pro-rata share of dividends declared by the subsidiary P Flag question O b. additional investments by the investee c. market fluctuations O d. the pro-rata share of the investee's income Question 9 A consolidated financial statement shows the parent and subsidiary as: Not yet answered Marked out of 1.00 Select one: a. two separate entities on a consolidate financial statement P Flag question b. one single entity on a consolidated financial statement c. individual companies on individual financial statements d. separate entities, but on same financial statements Question 10 How is the difference in the sale price of the bond and its face value recorded? Not yet answered Marked out of 1.00 Select one: a. as a credit to bond interest expense Flag question b. as a debit to bond interest expense O c. as a credit to the bond premium account O d. as a debit to the bond premium account