1) Investments in debt securities, such as bonds, may be classified as either current or long-term assets.

	True
	False

2) Marketable securities that are held until the due date of the securities are

	trading and held-to-maturity securities.
	available-for sale securities.
	held-to-maturity securities.
	trading securities.

3) Which of the following business types is most common as measured by the amount of business transacted?

	Government entities
	Proprietorships
	Partnerships
	Corporations