Question: a. Distinguish between a debt security and an equity security. b. Identify and explain the three types of classifications for investments in debt securities. c.

a. Distinguish between a debt security and an equity security. b. Identify and explain the three types of classifications for investments in debt securities. c. At what amount should trading, available-for-sale, and held-to-maturity securities be reported on the balance sheet? d. Indicate how unrealized holding gains and losses should be reported for investment securities classified as trading, available-for-sale, and held-to-maturity

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