Jamaica Wholesale Supply owns stock in Ivy Corporation. Jamaica intends to hold the stock indefinitely because of

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Jamaica Wholesale Supply owns stock in Ivy Corporation.

Jamaica intends to hold the stock indefinitely because of some negative tax consequences if sold. Should the investment in Ivy be classified as a short-term investment?

Why or why not?(SO 3)

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Financial Accounting Text Only

ISBN: 9780006575405

5th Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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