WHICH OF THE FOLLOWING SECURITIES WILL MOST LIKELY BE CLASSIFIED AS...

5. Which of the following securities will most likely be classified as an available for sale

security?

A. Equity securities representing 25% ownership in another firm.

B. Debt securities that a company has a positive intent and ability to hold to maturity.

C. Debt or equity securities that are carried on the balance sheet at fair market value and

may be sold for liquidity purposes.