alleryStart learning →Shares kept for sale in the ordinary course of business are classed as:
Astock-in-trade, not investments
Bheld as long term investments
Cclassed as investment property
Dtreated as current investments
Answer & Solution
Correct answer: A. stock-in-trade, not investments
Securities held to be sold in the normal course of trade are inventory, so they fall outside the definition of investments.
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