Which of the following securities would be classified as marketable securities in the current asset section of

Question:

Which of the following securities would be classified as marketable securities in the current asset section of the balance sheet?

(a) Commercial paper, U.S. Treasury bills, land held for investment.

(b) Commercial paper, U.S. Treasury bills, negotiable certificates of deposit.

(c) Commercial paper, land held for investment, bonds with maturities in 10 years.

(d) U.S. Treasury bills, long-term stock investment, bonds with maturities in 10 years.

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