Which of the following statements regarding debt securities is incorrect?
A) Debt securities include Held-to-Maturity Debt Investments, Trading Debt Investments, and Available-for-Sale Debt Investments.
B) When recording the receipt of interest revenue on Trading Debt Investments, Interest Revenue is credited.
C) If a Held-to-Maturity Debt Investment is purchased at a discount or premium, the discount/premium must be amortized when the interest revenue is earned.
D) All investments in debt securities are categorized as long-term assets.
D) All investments in debt securities are categorized as long-term assets.
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