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Delgado Corp. purchased some common stock from Keller Enterprises. Delgado plans to hold this stock for a minimum of five years, although they could sell
Delgado Corp. purchased some common stock from Keller Enterprises. Delgado plans to hold this stock for a minimum of five years, although they could sell it sooner if they need to. How do you expect Delgado to classify the stock on their balance sheet? A As a short-term investment B As a long-term liability C As a long-term investment D As owners equity
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