Marketable securities are:
A)Listed immediately after Inventory on the balance sheet.
B)Almost as liquid as cash.
C)Originally recorded at cost less any broker's commission.
D)Sold for a gain when cash received is less than the cost basis.

Question

Quizplus · Accepted Answer

Marketable securities are investments that are easily and quickly converted to cash, hence they are almost as liquid as cash. They are recorded at fair value, which may be greater or less than their original cost, and sold for a gain when the cash received is greater than the cost basis. Marketable securities are usually listed after cash and cash equivalents on the balance sheet.

Marketable Securities Are