Question: Question 7: Signify TRUE or FALSE as applicable for each of the following items as they pertain to long term investments. a. Held to maturity

Question 7: Signify TRUE or FALSE as applicable for each of the following items as they pertain to long term investments.

a. Held to maturity securities should be reported on the balance sheet at cost along with any unamortized discount or premium.

[ Choose ] False True

b. Amortization of a discount or premium should be reported on the income statement for held to maturity securities.

[ Choose ] False True

c. Available for sale securities should be reported on the balance sheet at cost along with any unamortized discount or premium.

[ Choose ] False True

d. Amortization of a discount or premium should be reported on the income statement for available for sale securities.

[ Choose ] False True

e. Equity securities with significant influence should be reported on the balance sheet at market value.

[ Choose ] False True

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