For financial reporting purposes, acquisition and disposition of trading securities are usually _____ activities.

Name: For financial reporting purposes, acquisition and disposition of trading securities are usually _____ activities.
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Question

Quizplus · Accepted Answer

Acquisition and disposition of trading securities are considered operating activities because they are part of the company's regular business operations and are included in the cash flows from operating activities in the statement of cash flows.

For Financial Reporting Purposes, Acquisition and Disposition of Trading Securities