Question 7 Which of the following is considered to be a debt security that an investor plans to sell in the near future? A Trading Debt Investment OB Held-for-Sale Investment Oc Held-to-Maturity investment Op Available for Sale investment Question 8 If the merchandise inventory is being valued at cost and the price level is steadily rising, the method of costing that will yield the highest net income is: O A FIFO Weighted Average Average Cost OLIFO Question 9 Which of the following are permanent accounts? A. Capital Stock and Dividends B. Accounts Receivable and Accrued Expenses c. Accounts Payable and Dividends D. Cash and Service Revenue