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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Debt investments that management intends to sell in the future, but not necessarily in the near term, are called:

a. available-for-sale securities.

b. trading securities.

c. debt securities

d. stock securities.

To determine

The sale of Debt investments that the management sell in future but not in the near term are to be defined.

Explanation

The sale of Debt investments that the management sell in future but not in the near term are defined as Available for sale securities.

Available for sale securities are the equity and debt investments that the management intends to sell in the future, but necessarily in the near term...

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