What are Quoted Investments ?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation
Section: Chapter Questions
Problem 13MC
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What are Quoted Investments ?
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Step 1
Quoted investment: It is an accounting term for investment in share or debenture, which is quoted on the recognized stock exchange. The amount at which quoted investments are shown in an account is the normal cost at the time of their acquisition.
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