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Trading securities are: Multiple Choice Always classified as Long-Term Investments. Intended to be held to maturity. Reported at fair value on the balance sheet. Recorded

Trading securities are:

Multiple Choice

Always classified as Long-Term Investments.
Intended to be held to maturity.
Reported at fair value on the balance sheet.
Recorded at cost and remain at cost over the life of the investment.
Reported at historical cost, adjusted for the amortized amount of any difference between cost and maturity value.

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