a. Payment to an employee for more hours than she worked o b. Failure to include

Question

a. Payment to an employee for more hours than she worked o b. Failure to include a deposit in transit on the bank reconciliation. O c. Failure to bill a customer. O d. Duplicate payment of a vendor's invoice. QUESTION 23 Investments in securities are classified as which of the following? o a Held-to-maturity b. Trading securities c. Available-for-sale securities d All of the above QUESTION 24 Which of the following is required by accounting standards for the presentation and a For an analyst's determination of liquidity

Explanation / Answer

Ans) Option (D) All of the Above

Investments can be clasified as Held to maturity, Trading securities and Available for sale. Depends upon nature and intent of the company and ability investments clasified any one of these.

Business has the intent and ability to hold the bond until it matures it will be clasified under Held to maturity

Investments which were bought for the purpose of selling them within a short time of their purchase clasified under Trading securities

Investments that are not classified as trading securities or held?to?maturity securities are called available?for?sale securities

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