Securities held by the firm for more than are year are classified as
A)temporary investments.
B)marketable securities.
C)deferred investments.
D)long-term investments.

Question

Quizplus · Accepted Answer

Securities held by the firm for more than one year are considered long-term investments. Temporary investments are typically held for a short period of time, often less than a year, and may include items such as cash equivalents. Marketable securities are investments that can be easily bought and sold on the market. Deferred investments generally refer to investments or expenses that are postponed to a later date.

Securities Held by the Firm for More Than Are Year