If a Short-Term Debt Investment Is Sold the Investment Account

question 127

Multiple Choice

If a short-term debt investment is sold the Investment account is

• A) debited for the fair value of the bonds at the sale date.
• B) credited for the cost of the bonds at the sale date.
• C) credited for the fair value of the bonds at the sale date.
• D) debited for the cost of the bonds at the sale date.

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Definitions:

Closing

The final step in a sale process where the transaction is concluded and the goods or services are exchanged for payment.

Approach

A method or strategy used in tackling a problem or in the initial stage of an engagement or negotiation.

Presentation

The act of showing and explaining the content of a topic to an audience or learner.

Closing Techniques

Strategies or tactics applied by sales professionals to persuade a customer to make a purchase.