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Grasp the significance of management's intent in the classification and reporting of investment securities.
Understand how to record investments in equity securities with significant influence (20-50% ownership) using the equity method.
Discern the differences between temporary and other-than-temporary declines in the value of investments and their accounting treatment.
Understand the ethical guidelines and practice constraints as prescribed by the ACA Code of Ethics for counselors.

Definitions:

Distributor

An entity that buys non-competing products or product lines, warehouses them, and resells them to retailers or direct to the end users or customers.

Intermediaries

Intermediaries are agents or businesses that act as middlemen in the distribution process, linking producers with consumers or other businesses.

Retailer

A business entity that sells goods or commodities directly to consumers, typically in small quantities.

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