The company could have taken the funds that it has invested in production equipment andinvested them in interest-bearing securities instead. The interest forgone on the securities is a(n)__________________________________

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
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The company could have taken the funds that it has invested in production equipment and
invested them in interest-bearing securities instead. The interest forgone on the securities is a(n)__________________________________

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