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Travers Products Inc. has issued redeemable preferred stock. These securities are now required to be classified as: a. Long-term debt: it most reflects debt b.

Travers Products Inc. has issued redeemable preferred stock. These securities are now required to be classified as: a. Long-term debt: it most reflects debt b. Retained earnings c. Paid-in capital: it most reflects claims of owners d. Long-term investments: it most reflect an investment by the company e. Marketable securities

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