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What Does the Word "Marketable" Imply as Far as "Marketable

Question 8

Multiple Choice

What does the word "marketable" imply as far as "marketable securities"?


A) It implies that the securities should be classified as a temporary account.
B) It implies that a firm owes money on the securities.
C) It implies that the securities are considered to be goodwill.
D) It implies that the firm can readily buy and sell the securities on an exchange.
E) It implies that the firm has signed a formal written contract called an indenture.

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