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1. Changes in the value of trading securities are reported in income as unrecognized gains and losses. Select one: True False 2. Postdated checks are

1. Changes in the value of trading securities are reported in income as "unrecognized" gains and losses.

Select one:

True

False

2. Postdated checks are classified as receivables until the date they can be deposited.

Select one:

True

False

3. Deposits with utility companies would qualify as trade receivables.

Select one:

True

False

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