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Long Term Investment
?
Heidi Aurora Imports issued shares of the company’s Class B stock. Heidi Aurora Imports should report the stock in the company’s statement of financial position
among liabilities if the shares are mandatorily redeemable or redeemable at the option of the
shareholder.
as equity unless the shares are mandatorily redeemable.
as equity unless the shares are redeemable at the option of the issuer.
among liabilities unless the shares are mandatorily redeemable.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
as equity unless the shares are mandatorily redeemable.
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