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H3Ko H3Ko
wrote...
Posts: 4891
5 years ago
When a company collects the face value of a long-term investment in bonds at maturity, ________.
A) both assets and liabilities of the firm increase
B) total assets and equity of the firm remains unchanged
C) both assets and equity of the firm increase
D) liabilities decrease and equity increases
Textbook 

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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Posts: 1274
5 years ago
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wrote...
5 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
wrote...
4 months ago
Thx
Post Merge: 4 months ago

lol
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2 months ago
Thx
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A month ago
TY :)
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