Which Statement Is TRUE

question 11

Multiple Choice

Which statement is TRUE?

• A)Available-for-sale securities are debt securities only.
• B)Trading securities are debt securities only.
• C)Held-to-maturity securities are debt securities only.
• D)Held-to-maturity securities are reported as long-term assets only.

Know the various forms of business ownership and their characteristics.

Understand the role and importance of internal and external auditors.

Learn about the concepts and principles underpinning financial reporting standards.

Grasp the key components and objectives of an accounting system.

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Definitions:

Post Fertilization

The stage in the reproductive process that occurs after the fusion of gametes, involving embryo development and seed formation in plants.

Embryo

An early stage of development in multicellular organisms after fertilization and before becoming a fetus, characterized by rapid cell division and differentiation.

Gamete

Mature, haploid reproductive cell; e.g., a sperm.