All of the Following Are True for Available-For-Sale Equity Securities

question 145

Multiple Choice

All of the following are true for Available-for-sale equity securities except:

• A) Are reported at market value on the balance sheet.
• B) Are actively managed like Trading Securities.
• C) May be classified as either short-term or long-term securities.
• D) May earn dividends that are reported in that year's income statement.
• E) Are recorded at cost when acquired.

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Definitions:

Negative Eugenics

Practices aimed at decreasing the incidence of traits deemed undesirable by discouraging reproduction by persons having such traits.

Gene Therapy

A medical treatment involving the introduction, removal, or alteration of genetic material within a person's cells to treat or prevent diseases.

Genetic Disorders

A rephrased definition: Diseases that result from abnormalities in an individual's DNA, often inherited.

Adult Stem Cells

Stem cells found in adult organisms that have the ability to differentiate into various types of cells and are used in regenerative medicine.