Sienna Co. purchased 1,000 shares of Microsoft stock. Management is not actively managing this stock , and only plans to sell it if there is a need to generate cash. This stock would be classified as:
A) trading securities.
B) held-to-maturity securities.
C) trading securities or available-for-sale.
D) available-for-sale securities.
Correct Answer:
Verified
Q143: Which of the following is NOT true
Q144: Trading securities are shown as long-term assets
Q145: For which of the following securities are
Q146: Available-for-sale securities are reported at their current
Q147: GAAP does not allow property, plant, and
Q149: Securities that are actively managed in order
Q150: Which of the following marketable securities are
Q151: For which kind of marketable securities are
Q152: Shakes, Inc. purchased 200 shares of Netflix
Q153: Equity securities which management intends to hold
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