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For each of the following scenarios,state the type of investment:
1.Available-for-sale debt investment
2.No significant influence equity investment
3.Trading debt investment
4.Significant influence equity investment
5.Held-to-maturity debt investment
6.Controlling interest equity investment
Indicate your answer by placing the correct number next to the scenario.
a.________ Arnold Corp.owns a debt security in Brady Corp.Arnold plans on holding the debt for thirty days.
b.________ Maxwell Inc.owns 70% of the voting stock of Russell Corp.
c.________ Millie Inc.owns a debt security of Auntie Inc.Millie intends to and has the ability to hold the debt security until maturity.
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Specific details or conditions surrounding an event or situation, based on actual occurrences or evidence.
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The application of laws to prevent and control monopolistic practices, promote competition, and ensure fair trade in the market.
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Monetary penalties imposed by governmental entities as punishment for violations of legal statutes or regulations.
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