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1. Underwhat two conditions should investments be classified as current assets? 2. On a balance sheet, what valuation must be reported for the short-term investments

1. Underwhat two conditions should investments be classified as current assets?

2. On a balance sheet, what valuation must be reported for the short-term investments in trading securities?

3. If a short-term investment in available for sale securities cost $10,000 and is sold for $12,000, how should the difference between these two amounts be recorded?

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