Asked by
Shsks Shdhxus
on Nov 13, 2024Verified
Most companies invest excess cash in bonds as investments in order to profit long-term from the growth of the investment.
Long-Term
Refers to holding or affecting a period extending over a long duration, typically beyond one year.
Investments
Financial assets acquired for income generation or capital appreciation.
- Identify the characteristics and reporting requirements for different types of securities.
Verified Answer
CS
Learning Objectives
- Identify the characteristics and reporting requirements for different types of securities.
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