If a Company Buys Securities Solely to Trade Them and to Make

question 178

True/False

If a company buys securities solely to trade them and to make a short-term profit,the securities are classified as available-for-sale securities.

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Definitions:

Customers Served

The total number of clients or customers that have been assisted or serviced by a business during a particular period.

Activity Variances

The differences between budgeted and actual costs for various activities, often analyzed in managerial accounting to improve performance.

Wages And Salaries

Payments to employees for their labor, either calculated by time worked or a fixed monthly rate.

Customers Served

The number of customers who have received service from a business over a particular period.