Solved

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

Question 94

Multiple Choice

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:

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