Short-Term Marketable Securities Are Held for Two Separate and Distinct

question 21

True/False

Short-term marketable securities are held for two separate and distinct purposes: (1) to provide liquidity as a substitute for cash and (2) as a non-operating investment.Marketable securities held while awaiting reinvestment are not available for liquidity purposes.

---

Definitions:

Credentials

Qualifications, achievements, personal qualities, or aspects of a person's background, typically used to indicate their suitability for something.

Occupation

A person's chosen or main vocation, job, or employment, often tied to their identity, skills, and economic livelihood.

Latent Function

A term in sociology that refers to the unrecognized or unintended consequences of any social process.

Youth Culture

The way youngsters live, and the norms, values, and practices they share, distinct from adult society and often characterized by music, fashion, language, etc.