Chapter 15 Investments

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5 Terms

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Short-term investments

Investments that (1) management intends to convert to cash within one year and (2) are readily convertible to cash. (Current assets)

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Long-term investments

Investments that are going to be converted into cash in the short term. Long-term investments are noncurrent assets.

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Debt securities

Reflect a creditor relation and include notes and bonds.

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Equity Securities

Reflect an owner relation and include stock.

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Unrealized gain

A gain not yet confirmed by actual sales of securities