Is the Argument Deductive (D) or Inductive (I)

question 9

Short Answer

Is the argument deductive (D) or inductive (I)?
-A square has four equal sides and four equal angles; therefore, this figure, which is a square, surely has four equal sides and four equal angles.

Understand the distinction between investments accounted for using the equity method and those accounted under FVTPL and FVTOCI.

Apply the cost method for investments without significant influence.

Identify the journal entries for buying, selling, and holding investments under different accounting standards (IFRS, ASPE).

Calculate and record gains or losses on the sale of equity investments.

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