Which of the following is an external product development strategy?

Financial securities that represent ownership interests such as common, preferred, or other capital stock. They also include rights to acquire or dispose of ownership interests at an agreed-upon or determinable price, such as in warrants, rights, and call or put options. The cost of equity securities includes the purchase price of the security plus broker's commissions and other fees incidental to the purchase.

(a) equity securities (b) arbitrageurs (c) consolidated financial statements (d) reclassification adjustment

Interests in oil, gas, and mineral rights are considered statutorily defined securities

Indicate whether the statement is true or false