9. A company invests in marketable securities to:   a) Increase liquidity   b) Reduce tax liability   c) Improve inventory turnover   d) Decrease current liabilities

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
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9. A company invests in marketable securities to:

 

a) Increase liquidity

 

b) Reduce tax liability

 

c) Improve inventory turnover

 

d) Decrease current liabilities

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