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List and discuss two common reasons why companies invest in debt or equity securities.
Income Statement Account
An account found on the income statement that records business transactions affecting the company's revenue, expenses, gains, and losses.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.
Balance Sheet
A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.
Assets
Economic resources owned or controlled by a business or an individual, expected to provide future benefits.
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