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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 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

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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