ACC 423 Week 3 Learning Team Reflection
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Discuss the objectives for Week Two. How do they relate to the practice of accounting and its uses in business?
- Distinguish between debt and equity investments.
- Classify securities as available-for-sale, held-to-maturity, or trading.
- Determine when to use the fair value and equity methods of accounting for investments.
- Prepare journal entries for investments using the fair value and the equity method.
- Distinguish between traditional and derivative financial instruments.
Write a 350- to 500-word summary of your Learning Team’s discussion.
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