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Which of the following statements is true about investments categorized as trading securities? a. They are valued on the balance sheet at cost . b.

Which of the following statements is true about investments categorized as trading securities?

a. They are valued on the balance sheet at cost

. b. They can consist of debt, but not equity, securities.

c. They are purchased to be held to maturity.

d. Changes in market value are reflected in net income.

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