Which of the Following Is True of Available-For-Sale (AFS)investments

question 101

Multiple Choice

Which of the following is true of available-for-sale (AFS) investments?

• A)They are always reported as current assets in the balance sheet.
• B)They are always reported as long-term assets in the balance sheet.
• C)They are reported as current assets on the balance sheet only if the business expects to sell them within the first two years.
• D)They are reported as long-term assets on the balance sheet only if they are planned to be held for longer than a year.

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