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Use This Information to Answer the Following Question  Long-Term Investments 272,000 Cash272,000\begin{array}{llr} \text { Long-Term Investments } &272,000\\ \text { Cash} &&272,000\\\end{array}

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

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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.

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