CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

Which of the following investments in debt securities would not normally be classified as long-term?
A. Trading securities.
B. Available-for-sale securities.
C. Held-to-maturity securities.
Explanation: Only held-to-maturity and available-for-sale securities are potential non-current investments. Trading securities are always considered to be current in nature, whereas held-to-maturity and available-for-sale securities may be classified as long-term should their maturity, or management's intent dictate.

User Contributed Comments 2

User Comment
MattNYC watch the "not" part of the question. Don't read too fast
sjurrens tricky though, because trading securities is correct, but it could never be long-term, so if you have to analyze what they're asking
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