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Question
1. Investments in debt and equity securities that are held for current resale by banks and stockbrokerage firms are termed
a. available-for-sale securities
b. trading securities
c. held-to-maturity securities
d. marketable securities
2. Which of the following categories of investments are reported at their fair values on the balance sheet and have unrealized holding gains and losses included as a separate component of stockholders’ equity?
a. held-to-maturity debt securities
b. marketable securities
c. available-for-sale securities
d. trading securities
3. Which of the following securities are reported at their amortized cost on the balance sheet date?
a. held-to-maturity debt securities
b. marketable securities
c. available-for-sale securities
d. trading securities
4. With consolidation, control generally occurs when the investor owns what percentage of the voting stock of the investee?
