Accountıng Iı Deneme Sınavı Sorusu #1044239

How is the security classified when a company purchases a debt security with the aim of reselling for a higher price?


Debt security

Equity security

Available for sale security

Trading security

Held to maturity security


Yanıt Açıklaması:

When a company purchases a debt security with the aim of reselling for a higher price, this security is classified as trading security. The correct answer is D.

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