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:
_____ Used when an investor has controlling influence.
_____ This category is not used for equity investments.
_____ Used when an investor has insignificant influence and does not expect to sell in the near future.
_____ Used when an investor has significant,but not controlling influence.
_____ Used when an investor expects to sell in the near future.
Correct Answer:
Verified
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