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H3Ko H3Ko
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7 years ago
In considering whether a company should invest in debt or equity securities of another company, which of the following statements is incorrect?
A) Investment income consists of interest earned from equity securities and dividends earned from debt investments.
B) The company wants to make the best use of its excess cash to generate investment income.
C) The excess cash that can be invested could be the result of temporary or seasonal business fluctuations.
D) Investment income includes increases in the market value of debit or equity securities.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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