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

question 188

Multiple Choice

Which of the following is true of available-for-sale (AFS) debt 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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Definitions:

Catalysts Function

The role performed by substances that speed up chemical reactions without themselves being consumed or altered permanently.

Collisions

Events where two or more bodies exert forces on each other for a relatively short time, often changing their motion due to the impact.

Heterogeneous

A mixture composed of components that are not uniformly distributed or that have localized concentrations.

Homogeneous

Describes a mixture or material that has a uniform composition and properties throughout.