Answer the following statements true (T) or false (F)
1. When a company collects the face value of a bond investment at maturity, total assets increase.
2. If a held-to-maturity debt security is purchased at a discount, the discount must be amortized when the interest revenue is earned.
3. When a company uses excess cash to invest in equity securities with less than 20% ownership, its total equity will increase.
4. Equity securities, in which the investor lacks the ability to participate in the decisions of the investee company, are initially accounted for at the lower-of-cost-or-market value.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
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