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1) Long term investments are usually securities held for which of the following reasons. Choose three. A) Securing a permanent source of income for the
1) Long term investments are usually securities held for which of the following reasons. Choose three. A) Securing a permanent source of income for the investor. B) Obtaining control of another company. C) Establishing friendly business relations. D) Reducing tax liability.
2) True or False. In the post closing trial balance the only accounts that should be open are assets, liabilities, capital stock, and Retained Earnings accounts.
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