They are normally expensed using the straight-line method O They are expensed ov

Question

They are normally expensed using the straight-line method O They are expensed over the periods benefited and this is called depletion They normally have an Accumulated Amortization account associated with them O They should be expensed over the legal life even when the useful life is less than the legal life D Question 22 1 pts Which of the following statements is FALSE? O Available for sale securities are stocks and bonds that a company buys with the intention of selling at some point in the future buit not in the near-term ? Al types of investment accounts are adjusted to fair value at the end of each accounting period O Trading securities are short-term investments in both stocks and bonds bought with the intention of selling them in the near future Held-to-maturity securitles include both stocks and bonds that the purchaser intends to hold for longer than a year No new data to save. Last checked at 7 29pem Subenit Quiz Ptsc

Explanation / Answer

22) The following statement is false:

All types of Investment accounts are adjusted to fair value at the end of each accounting period.

This statement is false because only trading securities and available for sale securities are adjustd but the held to maturity securities are not adjusted at each year end.

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