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Dynamic Software, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2025. The bonds mature 20 years from the date of purchase. Dynamic plans to hold the bonds until maturity and has the ability to do so. How does the March 30, 2025 transaction affect the accounting equation? Olong-term assets will decrease O equity will decrease total assets will remain unchanged liabilities will increase

Dynamic Software, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2025. The bonds mature 20 years from the date of purchase. Dynamic plans to hold the bonds until maturity and has the ability to do so. How does the March 30, 2025 transaction affect the accounting equation? Olong-term assets will decrease O equity will decrease total assets will remain unchanged liabilities will increase

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dynamic Software, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2025. The bonds mature 20 years from the date of purchase. Dynamic plans to hold the bonds until maturity and has the ability to do so. How does the March 30, 2025 transaction affect the accounting equation? long-term assets will decrease equity will decrease total assets will remain unchanged liabilities will increase
Transcribed Image Text:Dynamic Software, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2025. The bonds mature 20 years from the date of purchase. Dynamic plans to hold the bonds until maturity and has the ability to do so. How does the March 30, 2025 transaction affect the accounting equation? long-term assets will decrease equity will decrease total assets will remain unchanged liabilities will increase
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