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All of the following are TRUE statements about investments EXCEPT. Debt investments are investments in government and corporation bonds. Corporations purchase investments in debt or

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All of the following are TRUE statements about investments EXCEPT. Debt investments are investments in government and corporation bonds. Corporations purchase investments in debt or stock securities generally for one of two reasons. A reason some companies purchase investments is because they generate a significant portion of their earnings from investment income. The accounting for short-term debt investments and for long-term debt investments is similar

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