Answer the following statements true (T) or false (F)
1. Long-term investments include debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable.
2. Held-to-maturity debt investments are categorized as long-term assets on the balance sheet, regardless of the maturity date.
3. Trading debt investments are categorized as current assets.
4. Trading debt investments are debt securities which the investor intends to sell in the very near future with the intent of generating a profit on the quick sale.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
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Indicate whether the statement is true or false