Corporations may choose to engage in a non-strategic investment in debt or shares for which of the
Question:
Corporations may choose to engage in a non-strategic investment in debt or shares for which of the following reasons:
a. To earn greater interest or dividend income on available excess cash
b. To earn investment income over the original purchase price on the eventual sale of purchased shares
c. To earn interest on debt held for its contract life
d. All of the above.
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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