Exercise 15-1\ Debt and equity securities and short- and long-term investments\ C1\ Complete the following descriptions by filling in the blanks using the terms or phrases

a

through

g

.\ a. not intended b. not readily c. cash d. operating cycle e. one year f. owner g. creditor\ Debt securities reflect

a(n)

relation such as with investments in notes and bonds.\ Equity securities reflect

a(n)

relation such as with investments in shares of stock.\ Short-term investments are securities that (1) management intends to convert to cash within or the , whichever is longer, and (2) are readily convertible to\ Long-term investments in securities are defined as those securities that are

Exercise 15-1 Debt and equity securities and short- and long-term investments C1 Complete the following descriptions by filling in the blanks using the terms or phrases a through g. a. not intended b. not readily c. cash d. operating cycle e. one year f. owner g. creditor 1. Debt securities reflect a(n) relation such as with investments in notes and bonds. 2. Equity securities reflect a(n) relation such as with investments in shares of stock. 3. Short-term investments are securities that (1) management intends to convert to cash within or the , whichever is longer, and (2) are readily convertible to 4. Long-term investments in securities are defined as those securities that are