17) 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)

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

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

20) A company owns 60% of the stock of the subsidiary company. As such the investor-investee companies represents a parent-subsidiary relationship. Under GAAP, the investment should be accounted for using the consolidation method. The rationale for this method is full disclosure and consistency. (True/False)