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Available-for-sale securities are reported at their current market value, and any increases or decreases in market value are reported as part of net income.
Is this statement one that's true or false?
FALSE
Trading securities are shown as long-term assets on the Balance Sheet.
Is this statement one that's true or false?
TRUE
Realized gains and losses only occur when the security is sold for more or less than the original cost.
Is this statement one that's true or false?
FALSE
Increases in the value of a security while the company still owns it are considered realized gains.
Is this statement one that's true or false?
TRUE
Investments in debt securities, such as bonds, may be classified as either current or long-term assets.
Is this statement one that's true or false?
FALSE

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