Lessington Corporation purchases Gonzalez Company bonds for $150,000 as a long-term investment. The investment is classified as available-for-sale securities. Lessington's entry to record the purchase transaction would include a:
A. Credit to Debt Investments-AFS for $150,000.
B. Credit to Debt Investments-HTM for $150,000.
C. Debit to Debt Investments-AFS for $150,000.
D. Credit Gain on Long-Term Investment $146,000.
E. Debit to Debt Investments-HTM for $150,000.
Answer: C
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