1)

a) Available for sale securities is a current asset. Any unrealized gain or loss should be disclosed in the stockholders equity section of the balance sheet. (True/False)

b) Held to maturity securities is a long-term investment. Any unrealized gain or loss should be disclosed on the income statement. (True/False)

c) Investments in equity securities that represents 30% of the investees stock should be accounted for under the equity method. (True/False)