What is the primary consideration for an entity


Question: What is the primary consideration for an entity that is deciding how to classify a passive investment in a financial asset? A. The entity's business model for managing the asset and the contractual cash flow characteristics of the financial asset B. The type of financial asset and the contractual cash flow characteristics of the financial asset C. The value of the investment at the date of acquisition D. The length of time the entity plans to hold the investment

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Accounting Basics: What is the primary consideration for an entity
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