4- Multiple Choice Question 40 At the time of acquisition of a debt investment , the Stock Investments account is debited when bonds are purchased . the Investment account is credited for its cost plus brokerage fees . no journal entry is required . the cost principle applies . 5- Multiple Choice Question 79 The account , Stock Investments , is a general ledger control account . another name for Debt Investments . a subsidiary ledger account . a long-term liability account . 6- Multiple Choice Question 59 Tan Company had these transactions pertaining to stock investments :
Feb . 1 Purchased 3,000 shares of Norton Company ( 10 %) for $ 48,800 cash plus brokerage fees of $ 1,400 .
June 1 Received cash dividends of $ 2 per share on Norton stock .