In 2021, Lussier Inc. bought bonds for the purpose of selling them quickly to earn profits from

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In 2021, Lussier Inc. bought bonds for the purpose of selling them quickly to earn profits from short-term changes in bond prices. These bonds should be classified as:

a. Securities available for sale.

b. Held-to-maturity securities.

c. Trading securities.

d. Equity securities.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Oct 05, 2023 12:31 AM

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In 2021, Lussier Inc. bought bonds for the purpose of selling them quickly to earn profits from

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