A) long-term securities issued by government agencies or corporations B) par value or the amount returned to the investor at maturity C) bonds that can be converted into stock D) annualized return on a bond if held to maturity
41) bonds
42) yield to maturity
43) face value
44) convertible
What will be an ideal response?
Answers: 41) A 42) D 43) B 44) C
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Gaston owns equipment that cost $90,500 with accumulated depreciation of $61,000. Gaston sells the equipment for $26,000. Which of the following would not be part of the journal entry to record the disposal of the equipment?
A. Credit Gain on Disposal of Equipment $3,500. B. Debit Loss on Disposal of Equipment $3,500. C. Debit Accumulated Depreciation $61,000. D. Debit Cash $26,000. E. Credit Equipment $90,500.
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