If 30% of the Common Shares of an Investee Are

question 41

Multiple Choice

If 30% of the common shares of an investee are purchased as a long-term investment, the appropriate classification for this investment is most likely

• A) held for trading investments.
• B) equity investments.
• C) non-strategic investments.
• D) investment in associates.

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Definitions:

Union of Events

In probability, the set of outcomes that belong to at least one of several events.

Occurs

Refers to the happening or presence of an event, observation, or realization in a specific context or scenario.

Joint Probability

The probability of two events happening at the same time.

Intersection

The point or set of points where two or more geometric figures meet or cross.