Investment Is Certificates of Deposit and Other Securities That Do

question 11

Multiple Choice

Investment is certificates of deposit and other securities that do not change in value are reported in the balance sheet as:

• A) equity investments
• B) available-for-sale securities
• C) cash and cash equivalents
• D) held to maturity securities

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Definitions:

Book

A written or printed work consisting of pages glued or sewn together along one side and bound in covers.

Debt

Money owed by one party, the debtor, to another, the creditor, typically arising from a loan or credit agreement.

Incidental Beneficiary

A person or entity who unintentionally gains a benefit from a contract between two other parties, though the contract was not specifically intended for their benefit.

Contractual Rights

Legal entitlements derived from agreements between parties that are enforceable by law.