A short-term investment in a U.S. Treasury bill costs $24,200 and will mature in six months at $25,000 . Management intends to hold the investment until it matures. The entry to record receipt of cash at maturity is: (No prior entries were made to recognize revenue.)
a. Cash 25,000
Short – Term Investments 24,200
Interest Income 800
b. Cash 25,000
Short – Term Investments 25,000
c. Cash 24,200
Short – Term Investments 24,200
d. Cash 25,000
Short – Term Investments 24,200
Gain on Sale of Investments 800
A
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Social classes differ in media preferences, with upper-class consumers often preferring ________ and lower-class consumers often preferring television
A) movies B) radio C) video or computer games D) magazines and books E) music downloads
Which of the following résumés is becoming the preferred choice as fear of computer viruses and daily email overload prevent employers from opening attachments??
A) ?An inline résumé B) ?A text résumé C) ?A scannable résumé D) ?A beamable résumé
Annie Leonard buys a computer from Technicon Co for $2,000 on terms. Annie puts $100 down as a deposit, promising to return in a week with the balance and pick it up. She decides not to complete the deal
Technicon's profit on a computer sale is $1,000. What happens now? A) Annie can get her deposit back. B) Technicon can keep the deposit but cannot sue Annie for the loss of profit. C) Technicon can keep the deposit and sue Annie for $1,000. D) Technicon must refund the deposit but then can sue Annie for the loss of profit. E) Technicon can keep the deposit, deliver the computer to Annie, and sue her for $2,000.
Dividends earned on securities held in street name by the brokerage are not reported to the Internal Revenue Service
Indicate whether the statement is true or false.