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) \(\begin{array}{llr} \text { Long-Term Investments } &200,000\\ \text { Cash} &&200,000\\ \end{array}\)

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Definitions:

Slope-Intercept Form

A linear equation of the form y = mx + b, where m is the slope and b is the y-intercept.

Equation

A statement that asserts the equality of two expressions, usually represented by the symbol "=".

Slope-Intercept Form

A way of writing the equation of a line as y = mx + b, where m is the slope and b is the y-intercept.

Slope

The measure of the steepness or incline of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.