Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
a.Held-to-maturity securities
b.Trading securities
c.Available-for-sale securities
d.Equity method
e.Consolidation method
Phrases:
_____ This category is used only for debt securities.
_____ An investor owns 40% of the common voting shares in the company and can exercise significant influence.
_____ Common stock not held for immediate resale and the investor owns 2% of the outstanding shares.
_____ An investor owns over 50% of the common voting shares in the company.
_____ Common stock held for immediate resale.
Correct Answer:
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