Sienna Co. purchased 1,000 shares of Microsoft stock. Management is not actively managing this stock, and only plans to sell it if there is a need to generate cash. This stock would be classified as:
A) trading securities.
B) held-to-maturity securities.
C) trading securities or available-for-sale.
D) available-for-sale securities.
D) available-for-sale securities.
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Because a business should have as its primary objective the earning of a minimum rate of return on assets, the return on assets pricing method has a great deal of appeal and support
Indicate whether the statement is true or false
Product costs are also referred to as inventoriable costs
Indicate whether the statement is true or false