Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 1

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