5. TF No gain or loss is reported on sale of equity securities. 6. T F If management intends to sell debt investments shortly after buying them, it is classified as an investment in trading securities. 7. TF An investment in debt securities that is expected to be held for an indefinite period should be classified on the balance sheet as an investment in available-for-sale security. 8. T F Available-for-sale debt securities should be recorded at historical cost on the date of purchase. 9. T F Unrealized games and losses on available-for-sale debt securities are reported as part of stockholders' equity. 10. T F The gain or loss on a sale of an available-for-sale debt security is the difference between the original purchase price and the selling price of the security