QUESTION 28 investments are categorized as either current assets or long-term assets on the balance sheet, depending on the maturity date. Held-to-maturity debt Serial bond debt Available-for-sale debt Trading debt QUESTION 29 A debt security represents stock ownership in another company and sometimes pays dividends is a standardized contract between two parties to Buy or sel an underlying security at a predetermined price on a specific date represents a credit relationship with another company or governmental entity, and typically pays interest for a fixed period is a cash market transaction in which the ownership of the underlying asset is deferred until a specific date