In 2021, Lussier Inc. bought bonds for the purpose of selling them quickly to earn profits from short-term changes in

In 2021, Lussier Inc. bought bonds for the purpose of selling them quickly to earn profits from short-term changes in

Question:

In 2021, Lussier Inc. bought bonds for the purpose of selling them quickly to earn profits from short-term changes in bond prices. These bonds should be classified as:a. Securities available for sale.b. Held-to-maturity securities.c. Trading securities.d. Equity securities.

Expert Answer:

Answer rating: 100% (QA)

The detailed answer for the above question is provided
View the full answer