Which Type of Investment in Securities Must Always Be Classified

question 5

Multiple Choice

Which type of investment in securities must always be classified as a current asset?

• A)held-to-maturity debt securities
• B)available-for-sale securities
• C)trading securities
• D)none of the these, they may all be classified as current or long-term assets

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Definitions:

First Year

The initial period of twelve months in a sequence or for a specific purpose, such as the first year of college.

Empty

Referring to a container or space that contains nothing; completely devoid of content or occupants.

Include Tax

To factor in the applicable taxes when stating a price or calculating the total cost of goods or services.

Average Speed

The total distance traveled divided by the total time taken to travel that distance.