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Author Question: Assume that the fair market value of investments in a Debt Service Fund decreased by 25,000 as of ... (Read 64 times)

Yi-Chen

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on: Jul 5, 2018
Assume that the fair market value of investments in a Debt Service Fund decreased by 25,000 as of the end of the fiscal year. What entry would be necessary to reflect this change?
 
  A. Debit interest revenue and credit investments.
  B. Debit interest expense and credit investments.
  C. Debit interest expense and credit cash.
  D. No entry is necessary as they investments have not actually been sold.

Question 2

Business to business (B2B)
 a. systems are limited to companies that see over the Internet
  b. represents the majority of e-business volume
  c. both a. and b.
  d. neither a. nor b.


smrtceo

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

B


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