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InvestCo purchased 22% of the outstanding debt of OtherCo to hold as inventory, and it plans to resell this inventory to the investors it serves
InvestCo purchased 22% of the outstanding debt of OtherCo to hold as inventory, and it plans to resell this inventory to the investors it serves within the next few days. How should InvestCo account for this investment? Available-for-Sale Trading Held-to-Maturity Fair Value Consolidation Equity
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