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SABIC (Saudi Arabia Basic Industries Company) invests in 100,000 Apple Inc.’s shares. SABIC expects to hold these shares for a medium term and not trade actively. How should SABIC classify this...

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SABIC (Saudi Arabia Basic Industries Company) invests in 100,000 Apple Inc.’s shares.

SABIC expects to hold these shares for a medium term and not trade actively. How should SABIC classify this investment?

a. Equity                                              c. Trading

b. Available-for-sale                            d. Consolidation

 

Answered 112 days After May 24, 2022

Solution

Khushboo answered on Sep 13 2022
55 Votes
The co
ect answer is b i.e. available for sale.
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