Which of the Following Is the Best Description of Investments

question 27

Multiple Choice

Which of the following is the best description of investments in available-for-sale securities?

• A)Investments in bonds that management intends to hold to maturity.
• B)Investments in bonds that are held primarily for the purpose of selling them in the near future.
• C)Investments in more than fifty percent of the voting stock of another company.
• D)Investments in debt securities that are passive investments other than trading securities and held-to-maturity investments and are accounted for under the fair value method.

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