Three College Friends,Ahmed,Thomas,and Diego,have Turned Their Interest in Backpacking and Wilderness

question 3

Multiple Choice

Three college friends,Ahmed,Thomas,and Diego,have turned their interest in backpacking and wilderness exploration into a profitable business partnership.Based on the season's demand,they conduct exploration camps at regular intervals.Ahmed's girlfriend,Medina,assists Ahmed in the operational activities of the business.Thomas interacts with various vendors to negotiate and procure the supplies needed for the business and Diego looks after the company's logistics.Who would most probably be the buyer in this business?

• A)Diego
• B)Medina
• C)Thomas
• D)Ahmed

---

Definitions:

Unrealized Gains

Increases in the value of assets that have not yet been sold, and therefore, the gains have not been realized or reflected in the income statement.

Common Shares

Equity securities that represent ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Debt Investments

Debt investments refer to investments made in bonds or other debt instruments where the investor lends money to an issuer in exchange for periodic interest payments and the return of the principal at maturity.

Guaranteed Investment Certificates

A type of Canadian investment that offers a guaranteed rate of return over a fixed period, typically issued by banks or financial institutions.