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QUESTION
XYZ Company purchased 3,500 shares of ABC INC which brings total outstanding to 10,000. The company plans to hold the stock and can exert significant...
XYZ Company purchased 3,500 shares of ABC INC which brings total outstanding to 10,000. The company plans to hold the stock and can exert significant influence The investment should be classified as:
A Trading securities
B. Available-for-sale
C. Fair value to Net Income
D. Equity Method
