When a company pays cash for a long-term investment in bonds, ________.

H3Ko

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7 years ago

When a company pays cash for a long-term investment in bonds, ________.

When a company pays cash for a long-term investment in bonds, ________.
A) liabilities increase
B) current assets increase
C) equity remains unchanged
D) total assets increase

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

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H3Ko Author

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7 years ago

I just realized you had posted this! Thanks so much

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kelseylematta

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5 years ago

Thank you

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