Securities are ________ for the person who buys them,but are ________ for the individual or firm that issues them.
A)assets;liabilities
B)liabilities;assets
C)negotiable;nonnegotiable
D)nonnegotiable;negotiable

Question

Quizplus · Accepted Answer

Securities represent an ownership interest, equity, or debt in a company or organization. Therefore, they are assets for the person who buys them because they represent something of value that can generate income or appreciate in value. However, securities are liabilities for the individual or firm that issues them because they represent a claim on the assets or earnings of the issuer, and they must be repaid or serviced according to the terms of the security.

Securities Are ________ for the Person Who Buys Them,but Are