Why do some companies, like Air Canada or retail outlets, generally report very few, if...
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Accounting
Why do some companies, like Air Canada or retail outlets, generally report very few, if any, long-term investments on their statement of financial position? Select answer from the options below
because they have different accounting labels, such as trading or held for sale
because the investments are labelled for the nature of the instrument (e.g. bonds, shares)
because their business models call for excess funds to be reinvested in the business
because the fair value of the investments is difficult to determine
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