Which Statement Is FALSE

Multiple Choice

Which statement is FALSE?

A) Available-for-sale securities are held with the intent of selling them some time in the future.
B) Held-to-maturity securities are stock investments that the investor has the intent and ability to hold until they mature.
C) Trading securities are debt and stock investments purchased and expected to be sold within the near term through active trading.
D) A debt security, not classified as either trading or held-to-maturity, is an available-for-sale security.