Question 7 [5 marks] Complete the following statements given in a) c). (selected topics...
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Finance
Question 7 [5 marks] Complete the following statements given in a) c). (selected topics from Sections #1 and #2)
a) Firms can buy back their own shares for various reasons, such as the preparation for the exercise of (i) ____, and may keep the repurchased shares as (ii) _____.
Answer: i) ii)
b) The accounting rules for a firms financial investments depend on the level of influence and control the firm has over the investee firm, primarily determined by the _______. . Answer: c) If a firm has no intention to hold the bond until its maturity, its investment in a bond may be classified as trading securities or _________ securities.
Answer:
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