Use This Information to Answer the Following Question $\begin{array}{llr} \text { Long-Term Investments } &272,000\\ \text { Cash} &&272,000\\\end{array}$

question 124

Multiple Choice

Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation: The entry to record the purchase of the Carey Corporation common stock is:

• A) \(\begin{array}{llr} \text { Long-Term Investments } &272,000\\ \text { Cash} &&272,000\\ \end{array}\)
• B) \(\begin{array}{llr} \text { Long-Term Investments } &120,000\\ \text { Cash} &&120,000\\ \end{array}\)
• C) \(\begin{array}{llr} \text { Long-Term Investments } &72,000\\ \text { Cash} &&72,000\\ \end{array}\)
• D) \(\begin{array}{llr} \text { Long-Term Investments } &200,000\\ \text { Cash} &&200,000\\ \end{array}\)

Learn the importance of annual contributions and their effects on the future value of retirement savings.

Understand regulatory caps and limits on contributions to retirement accounts and their tax implications.

Understand the concept and importance of issues management in organizations.

Differentiate between various types of crises (product crisis, litigation crisis) and their impacts on organizations.

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Definitions:

Lease Rental Expense

An expense incurred from leasing an asset, which is typically recorded on a lessee's income statement.

Lease Liability

An obligation representing the present value of leasing payments due under a lease agreement.

Current Portion

The portion of a long-term liability that is due to be paid within the next twelve months.

Lease Liability

A financial obligation that represents the present value of future lease payments under a non-cancelable lease.