Question: Indicate by selecting the appropriate circle the correct category for each investment below based upon the description. Make only one choice for each item. Investment
Indicate by selecting the appropriate circle the correct category for each investment below based upon the description. Make only one choice for each item. Investment Held-to-Maturity Available-for-Sale Trading 1. Debt securities bought and held for the purpose of selling in the near future 2. U.S. Treasury bonds that the entity has both the positive intent and ability to hold until maturity 3. $3 million debt security bought and held for the purpose of selling in 3 years to finance payment of $2 million long-term note payable when it matures 4. Mandatorily redeemable preferred stock with a readily determinable fair value that the entity does not intend to sell in the near term
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