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All of the Following Are True for Available-For-Sale Equity Securities

Question 106

Multiple Choice

All of the following are true for Available-for-sale equity securities except:


A) Are recorded at cost when acquired.
B) May earn interest that is reported in that year's income statement.
C) May be classified as either short-term or long-term securities.
D) Are reported at market value on the balance sheet.
E) Are actively managed like Trading Securities.

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