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Which may be classified as other long-term investments

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Problem 1. Which of the following may be classified as "other long-term investments?"

a. Shares of stocks purchased as long-term investment.
b. Bonds acquired to be held as a long-term investment.
c. Treasury shares acquired at a deep discount and expected to be reissued at a future date that exceeds 12 months from the reporting date.
d. Shares of stocks and bonds purchased using funds earmarked for the retirement of a bond issuance.

Reference no: EM132730873

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