Bonds that are purchased with the intent of selling them in the near future to take advantage of short-term price changes are classified as:

Question

Quizplus · Accepted Answer

Trading securities are purchased with the intent of selling them in the near future to take advantage of short-term price changes. Securities available for sale and held-to-maturity securities are not classified as such. Consolidating securities is not a recognized classification of securities.

Bonds That Are Purchased with the Intent of Selling Them