The entry to record the purchase of the Taylor shares on Feb 1 would include a

A) debit to Long-Term Trading Investments.
B) debit to Trading Investments.
C) debit to Strategic Investments.
D) debit to Investment in Associates.

Trading Investments

Securities that are purchased by a firm for the purpose of realizing a short-term profit.

Long-Term Trading Investments

Investments in stocks, bonds, or other securities that a company intends to hold for a period longer than a year to achieve long-term financial goals.

Strategic Investments

Investments made to gain a competitive advantage or achieve long-term goals rather than for short-term profit.