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CHAPTER 11

11-1 Marketable securities may be either short-term or long-term investments. Short-term refers to intention, not to salability.
11-2 Trading securities are debt or equity securities that a company buys only with the intent to resell them shortly. Held-to-maturity securities are debt securities that the company purchases with the intent to hold them until they mature. Available-for-sale securities include all short-term investments that are not trading or held-to-maturity securities.
11-3 The market method is now routinely applied to investments in short-term securities classified as "available for sale" or "trading securities". The cost method applies only to "held-to-maturity" debt securities.
11-4 No. This statement is true for trading securities, but not for available-for-sale securities (where the gain or loss is taken directly to an account in stockholders' equity) or for held-to-maturity securities (where changes in market price are not reported).......

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