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Question 2 Not yet answered Marked out of 2.00 P Flag question Fair value is used in accounting for: Select one: O a. Investment in

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Question 2 Not yet answered Marked out of 2.00 P Flag question Fair value is used in accounting for: Select one: O a. Investment in subsidiary O b. Investment in associate O c. Held to maturity instruments O d. Trading securities Question 3 Not yet answered Marked out of 2.00 P Flag question Notification P Flag question If trading securities balance for Liverpool. Co on 31/12/2019 was $ 25000, while its trading securities balance on 31/12/2020 was $ 37000. Also on 31/12/2020 Liverpool reports a gain from change of fair value of trading securities of $ 5000. Based on these information, the accounts related to trading securities will affect the cash flow as: Select one: O a. Decrease the cash flow by $ 7000 in operating activities section O b. Decrease the cash flow by $ 2000 in operating activities section O c. Decrease the cash flow by $ 7000 in investment activities section O d. None of the given answers e. Decrease the cash flow by $ 2000 in investment activities

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