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 90

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