Answer the following statements true (T) or false (F)
1. The Unrealized Holding Gain Available-for-Sale account and Unrealized Holding Loss Available-for-Sale account are included the Other Income and (Expenses) section of the income statement.
2. The fair value method is used to account for available-for-sale debt investments.
3. Held-to-maturity debt investments are normally reported at current market value.
4. When the maturity date of a held-to-maturity debt investment is within one year of the balance sheet date, the investment is reported as a current asset.
1. FALSE
2. TRUE
3. FALSE
4. TRUE
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