Examlex
A patient has the following readings on two different urine specimens:
Which of the following statements best describes these results?
Available-For-Sale Securities
Available-For-Sale Securities are financial assets that are not classified as held-to-maturity or trading securities. These can be sold in response to liquidity needs or changes in interest rates, market conditions, or investment strategies.
Fair Value
The estimated market value of an asset or liability, based on current market conditions rather than historical cost.
Trading Securities
Financial assets such as stocks or bonds, bought and held primarily for the purpose of selling them in the near term to realize short-term gains.
Fair Value
An estimate of the market value of an asset or liability, reflecting the amount for which it could be exchanged or settled between knowledgeable, willing parties in an arm's length transaction.
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