Question

Which of the following statements a through g are true of long-term investments?
________ a. They are held as an investment of cash available for current operations.
________ b. They can include funds earmarked for a special purpose, such as bond sinking funds.
________ c. They can include investments in trading securities.
________ d. They can include debt securities held-to-maturity.
________ e. They are always easily sold and therefore qualify as being marketable.
________ f. They can include debt and equity securities available-for-sale.
________ g. They can include bonds and stocks not intended to serve as a ready source of cash.


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  • CreatedApril 23, 2015
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