true or false

_Under an assurance-type warranty, companies charge warranty costs only to the period in which they comply with the warranty. 6. A debt security acquired as an investment cannot be classified as a trading security. Current liabilities are usually recorded and reported in financial statements at their full maturity value. All long-term debt maturing within the next year must be classified as a current liability on the balance sheet. Securities classified as trading securities are securities bought and held primarily for sale in the near-term to generate income on short-term price differences. 10. Unrealized holding gains and losses are recognized in net income for available-for- sale debt securities. 11. Dividends in arrears on cumulative preferred stock need not be recorded as a liability