Question: 1. What balance sheet classification would be used for a debt security that a company intends to hold for only a short period of time?

1. What balance sheet classification would be used for a debt security that a company intends to hold for only a short period of time?

Trading security

Available-for-sale security

Held-to-maturity security

Noncontrolling interest

2. What balance sheet classification would be used for a debt security that a company has both the positive intent and ability to hold until all principal and interest is fully paid?

Trading security

Held-to-maturity security

Available-for-sale security

Equity investment

3. Which of the following types of investments results in recognition of unrealized gain or loss in other comprehensive income?

Trading securities

Available for sale securities

Held to maturity securities

All of the above

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