Equity securities, in which the investor owns less than 20% ownership in the voting stock of the investee, can be either trading investments or available-for-sale investments
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TRUE
Business
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Horizontal analysis compares each item in the income statement to the net sales amount
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Business
If the discount rate used to compare the present value of two annuities is 0%, then the timing of the cash flows is unimportant in the present value calculation
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Business