QS 15-1 Distinguishing between short- and long-term investments LO C1

Which of the following statements are true of long-term investments?

OPTIONS:

-True

-False

a. They are held as an investment of cash available for current operations b. They can include funds earmarked for a special purpose, such as bond sinking fund:s C. They can include investments in trading securities d. They can include debt securities held-to-maturity e. They are always easily sold and therefore qualify as being marketable f. They can include debt and equity securities available-for-sale g. They can include bonds and stocks not intended to serve as a ready source of cash