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Which of the following statements is TRUE regarding the classification of Trading, Available-for-sale, and Held-to-maturity securities on a Balance Sheet? All three types of investments

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Which of the following statements is TRUE regarding the classification of Trading, Available-for-sale, and Held-to-maturity securities on a Balance Sheet? All three types of investments can be classified as current asset, depending on circumstances All three types of investments can be classified as long-term asset, depending on circumstances Only trading securities must be classified as long-term asset under all circumstances, Only held-to-maturities securities must be classified as long-term asset under all circumstances

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