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1.) ​Crandall's investment is in less than​ 2% of​ Mobil's stock, which Crandall expects to hold...

1.) ​Crandall's investment is in less than​ 2% of​ Mobil's stock, which Crandall expects to hold for three years and then sell. What type of investment is​ this?

A.Equity with insignificant influence

B.Debt

C.Consolidation

D.Equity with significant influence

2.) On November​ 1, 2018​,Sigma Inc. invests in​ $1,000,000 of​ 5%, 10-year bonds issued by Microsoft Corporation​, intending to hold the bonds until their maturity. The bonds pay interest each January 1 and July 1. What account related to the bonds will be on​ Sigma's income statement for the year ended December​ 31, 2018​?

A.Interest receivable

B.Interest revenue

C.Interest payable

D.Interest expense

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