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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