Completion Status: QUESTION 20 Littlefield Industries purchased a bond on September 1 of the current year for $200,000 and classified the investment as trading debt. The market value of the trading debt investment at year-end is $196,000. The adjustment is. reported as a separate component of stockholders' equity reported as a $4,000 unrealized holding loss in the Other Income and (Expenses) section of the income statement not reported on the income statement because the bond has not been disposed of added to the Trading Debt Investments account QUESTION 21 Long-term investments, are investments in debt and equity securities that are readily marketable and that the investor intends to sell in one year or less are investments in debt securities or equity securities in which the investor holds less than 20 percent of the voting stock and that the investor plans to sell in the very near future include all trading debt investments and held-to-maturity debt investments include debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable QUESTION 22 Which type of debt security is always categorized as a current asset? held-to-maturity debt investments available-for-sale debt investments trading debt investments Each of these choices can be categorized as long-term if the investor intends to hold the investment for longer than one year. Click Save and Submit to save and submit. Click Save All Answers to save all answers. 15 TO A