In order to be classified as available-for-sale securities, the investment cannot be held for a period longer than three months.

Question

Quizplus · Accepted Answer

The statement is false. Available-for-sale securities can be held for longer than three months. The classification refers to investments that could be sold in the near future, but not necessarily within three months. There is no specific time limit for holding available-for-sale securities.

In Order to Be Classified as Available-For-Sale Securities, the Investment