Complete the following descriptions by filling in the blanks.
1. Short-term investments are securities that (1) management intends to convert to cash within _____ _______ the _____ _______ or whichever is longer, and (2) are readily convertible to _______.
2. Long-term investments in securities are defined as those securities that are convertible to cash or are _____ _______ to be converted into cash in the short term.
3. Debt securities reflect a _____ relationship such as investments in notes, bonds, and certificates of deposit.
4. Equity securities reflect an _______ relationship such as shares of stock issued by companies.

  • CreatedDecember 27, 2012
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