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A year ago you bought shares of stock in an investment company. The investment company...

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Accounting

A year ago you bought shares of stock in an investment company. The investment company in turn buys, holds and sells shares of business enterprises. You want to use the financial statements of the investment company to assess its performance over the past year.(a) What financial information about the investment companys holdings would be most relevant to you?(b) The investment company earns profits from appreciation of its investment securities and from dividends received. How would the concepts of recognition in the Conceptual Framework apply here?

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