It Is Difficult for Most of Us to Talk About

question 55

Multiple Choice

It is difficult for most of us to talk about mistakes we have made.Unfortunately,for organizations like Consumer Credit Counseling to help you work through your financial issues,you must be willing to honestly discuss your financial condition.In other words,for these organizations to help you must be actually involved in the process of developing your financial plan,which points to the _____ nature of services.

• A) intangible
• B) inseparable
• C) heterogeneous
• D) perishable
• E) flexible

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Definitions:

Long-Term Investments

Investments made by a company in bonds, stocks, or other financial assets, intended to be held for a period longer than a year.

Debt Investments-AFS

Available-for-sale debt investments represent debt securities that a company intends to hold for a period of time but may sell before maturity for capital management reasons.

Loss on Sale

The financial loss realized when the selling price of an asset is less than its carrying value on the balance sheet.

Available-For-Sale Securities

Debt or equity securities not classified as held-to-maturity or trading securities, and are purchased with the intention of selling before they mature.