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Roxy Corporation Makes a Short-Term Investment in 180 Shares of Sager

Question 72

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Roxy Corporation makes a short-term investment in 180 shares of Sager Company's common stock. The stock is purchased for $53 a share. The entry for the purchase is a. Debt Investments 9,540Cash 9,540 b. Stock Investments9,540Cash 9,540 c. Stock Investments9,047Cash 9,047d. Stock Investments 9,000Cash 9,000\begin{array}{lr}\text {a. Debt Investments }&9,540\\\quad\text {Cash }&&9,540\\\text { b. Stock Investments}&9,540\\\quad\text {Cash }&&9,540\\\text { c. Stock Investments}&9,047\\\quad\text {Cash }&&9,047\\\text {d. Stock Investments }&9,000\\\quad\text {Cash }&&9,000\\\end{array}

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