Which of the following statements are true of long-term investments? They are he

Question

Which of the following statements are true of long-term investments? They are held as an investment of cash available for current operations. They can include funds earmarked for a special purpose, such as bond sinking funds They can include investments in trading securities. They can include debt securities held-to-maturity They are always easily sold and therefore qualify as being marketable They can include debt and equity securities available-for-sale. They can include bonds and stocks not intended to serve as a ready source of cash.

Explanation / Answer

b. They may include funds earmarked for a special purpose, such as bond sinking funds.

d. They may include debt securities held-to-maturity.

g. They may include bonds and shares that are not intended to serve as a ready source of cash.

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