Question: Match each security listed below with its usual classification: (1) trading securities, (2) available-for-sale securities, (3) equity method securities, (4) held-to-maturity securities, or (5) equity

Match each security listed below with its usual classification: (1) trading securities, (2) available-for-sale securities, (3) equity method securities, (4) held-to-maturity securities, or (5) equity security measured at FV-NI.

a. Abbot common stock, no-par; acquired to use temporarily idle cash with intent to sell next month.

b. \(30 \%\) interest in Packaging Inc.; acquired to drive costs down through vertical integration.

c. Mack stock held in trading account.

d. Hasten Inc.'s 10 -year bonds acquired. Hasten intends to hold to maturity, but may need to sell the bonds earlier for cash.

e. Staufer common stock, par \(\$ 5\); acquired to gain a significant influence, but not control.

f. Frazer bonds, \(9 \%\), mature at the end of 10 years; acquired with the intent and ability to hold for 10 years.

g. Foreign Corp. common stock; a 30\% interest acquired, but difficulties encountered in an attempt to obtain representation on the Foreign Corporation's board of directors. Intent is to hold stock indefinitely.

h. Astroid common stock, par \(\$ 1\); acquired as an investment (with insignificant influence) that management plans to hold indefinitely.

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