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Question 11 15 pts M4-03-Current assets: Which one is not a correct practice under the GAAP? O Generally cash equivalents include the investments purchased within
Question 11 15 pts M4-03-Current assets: Which one is not a correct practice under the GAAP? O Generally cash equivalents include the investments purchased within three months of their maturity value. O trading securities are in current assets, but securities held to maturity is in long-term assets (non current) O Holding gain or loss for held-to-maturity securities are estimated at the end of every accounting period O Holding gain or loss for trading and available for sale securities are not reported on income statement
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