Multiple Choice
Mazzeo Company acquires 80 Dodd's 10%, 5 year, $1,000 bonds on January 1, 2014 for $80,000. The journal entry to record this investment includes a debit to
A) Debt Investments for $88,000.
B) Debt Investments for $80,000.
C) Cash for $80,000.
D) Stock Investments for $80,000.
Correct Answer:
Verified
Correct Answer:
Verified
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