Which Type of Investment in Securities Must Always Be Classified

question 5

Multiple Choice

Which type of investment in securities must always be classified as a current asset?

• A)held-to-maturity debt securities
• B)available-for-sale securities
• C)trading securities
• D)none of the these, they may all be classified as current or long-term assets

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Definitions:

Automations

The technology by which a process or procedure is performed with minimal human assistance, often improving efficiency and accuracy.

Equipment-based Service

A type of service that heavily relies on physical devices or machines to deliver value to customers.

Lawn Care

The practice of maintaining and taking care of gardens, especially grassy areas, through activities such as mowing, fertilization, and weed control.

Dry Cleaners

Businesses specializing in cleaning clothes and textiles using a chemical solvent rather than water, often for materials that cannot withstand the conventional laundering process.