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36. A company makes a practice of investing excess short-term cash in trading securities that are traded regularly on the Philippine Stock Exchange (PSE). A

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36. A company makes a practice of investing excess short-term cash in trading securities that are traded regularly on the Philippine Stock Exchange (PSE). A reliable test of the valuation of those securities is A. Calculation of premium or discount amortization. B. Confirmation of securities held by the broker. C. Consideration of current market quotations. D. Recalculation of investment value using a valuation model

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