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A Short-Term Investment in a U

Question 16

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A short-term investment in a U.S.Treasury bill costs $24,400 and will mature six months later at $25,000.Management intends to hold the investment until it matures.The entry to record the adjusting entry on December 31,assuming three months have passed is:


A) A short-term investment in a U.S.Treasury bill costs $24,400 and will mature six months later at $25,000.Management intends to hold the investment until it matures.The entry to record the adjusting entry on December 31,assuming three months have passed is: A) B) C) D)
B) A short-term investment in a U.S.Treasury bill costs $24,400 and will mature six months later at $25,000.Management intends to hold the investment until it matures.The entry to record the adjusting entry on December 31,assuming three months have passed is: A) B) C) D)
C) A short-term investment in a U.S.Treasury bill costs $24,400 and will mature six months later at $25,000.Management intends to hold the investment until it matures.The entry to record the adjusting entry on December 31,assuming three months have passed is: A) B) C) D)
D) A short-term investment in a U.S.Treasury bill costs $24,400 and will mature six months later at $25,000.Management intends to hold the investment until it matures.The entry to record the adjusting entry on December 31,assuming three months have passed is: A) B) C) D)

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