________ are debt securities that a company intends to actively manage and trade for a profit.
What will be an ideal response?
Trading securities
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Which of the following is a justification for valuing inventory above historical cost?
A) Immediate marketability of the inventory at a quoted market price B) Interchangeability of the units of inventory C) All of the items listed are justifications for valuing inventory above historical cost D) Inability to determine appropriate prices
A company wants to decrease its $200 petty cash fund to $175. The entry to reduce the fund is:
A. Debit to Cash $25; credit Petty Cash $25. B. Debit Petty Cash for $175; debit Cash Over and Short $25; credit Cash $200. C. Debit Petty Cash $25; credit Cash $25. D. Debit Cash Over and Short for $25; credit Petty Cash $25. E. Debit Miscellaneous Expenses $25; credit Cash $25.
At minimum, a channel of distribution consists of a producer and a(n) ________
A) wholesaler B) agent C) broker D) intermediary E) customer
Explain the basic requirements that must be met for a contract to be enforceable
What will be an ideal response?