An Available-For-Sale Debt Security Is Purchased at a Discount

question 68

Multiple Choice

An available-for-sale debt security is purchased at a discount. The entry to record the amortization of the discount includes a

• A) debit to Available-for-Sale Securities.
• B) debit to the discount account.
• C) debit to Interest Revenue.
• D) None of these answers are correct.

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