Which of the following statements 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.AppendixLO1