Which of the following is a true statement about the accounting for long-term debt investments?
A) The investment is initially recorded at cost.
B) The cost includes any brokerage fees.
C) Debt investments include investment in government and corporation bonds.
D) All of these choices are correct.

Question

Quizplus · Accepted Answer

Long-term debt investments are initially recorded at cost, which includes any brokerage fees. These investments can include both government and corporation bonds.

Which of the Following Is a True Statement About the Accounting