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True or False A debt security acquired as an investment cannot be classified as a trading...

True or False

A debt security acquired as an investment cannot be classified as a trading security.

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Answer #1

Answer : False

A Debt Security can be Classified as the trading security or Long term investment.

an Investment made on debt or Equity for the Purpose of Selling them in a very short run period is Classified as the Trading Securities and Shown as the Curent Assets in Balance Sheet. Where as the Purpose is long term holding than the investment considered as the Lonr -term invesment

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