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ABC Co . purchased 1 0 0 shares of Telus Inc., a publicly traded company on January 1 , 2 0 x 3 . ABC
ABC Co purchased shares of Telus Inc., a publicly traded company on January
x ABC Co purchased these shares to utilize some extra cash and plans to hold
onto them for several years. ABC Co is privately held and reports under ASPE.
ABC Cos controller has asked for your assistance in completing the yearend
accounting for this investment. He would like to know what ABC's options are for
accounting for its investment in Telus Inc.
Please select all of the valid accounting treatments for ABC Co to account for its
investment in Telus Inc.:
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