Equity securities a. Are accounted for generally based on the percentage of voting stock obtained. b. Include common stock, preferred stock, and bonds. c. Are
Equity securities
a. Are accounted for generally based on the percentage of voting stock obtained.
b. Include common stock, preferred stock, and bonds.
c. Are always accounted for using the equity method.
d. Where the investment is less than 20% are classified into categories: available-for-sale and held-to-maturity.
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Authors: Ming Cheng
1st Edition
3639134273, 978-3639134278
