Amazon Services,Inc

question 27

Multiple Choice

Amazon Services,Inc.invests its excess cash in Nile Technologies,Inc.and acquires 6000 shares for $61.75 per share.Amazon Services,Inc.owns less than 2% of Nile's voting stock and plans to hold the stock for two years.While preparing the journal entry to record this transaction,________.

• A) Equity Investments is debited for $370,500
• B) Common Stock is debited for $370,500
• C) Long-term Investments is credited for $370,500
• D) An equity account is debited for $370,500

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Definitions:

Wireless Network

A type of computer network that uses wireless data connections between network nodes instead of wired connections.

5G Technology

The fifth generation of mobile network technology, offering higher speed, reduced latency, and the capacity to connect more devices simultaneously than its predecessors.

Deployment

The process of delivering and implementing a software application, system, or update into a live production environment.

Eavesdropping

The act of secretly listening to the conversations or communications of others without their consent.