17. Which of the following statements is the least accepted reason/purpose for acquiring long-term investments: a. To create specific funds. b. To yield a relatively permanent other income. c. To generate cash for operating purposes. d. To establish business relationships.
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Creating specific funds is a common reason for acquiring long-term investments, as it helps in setting aside money for future needs or projects. b. Yielding a relatively permanent other income is also a common reason for acquiring long-term investments, as it Show more…
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