FINANCIAL ACCT-CONNECT
FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
Question
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Chapter C, Problem 3DQ
Summary Introduction

Concept Introduction:

An investment is considered as insignificant if the investment made by the investor is less than 20% in the investee company. The income on investments having insignificant influence is directly recorded in the income statement. 

To discuss: the valuation of short term debt investment in trading securities. 

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