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Held To Maturity Securities
Karen-64020 - 07/20/2020, 4:02 am

Are the held to maturity securities included in the acid test calculation near maturity? The problem did not mention if the securities were 12 months or less from maturity?

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David-67344 - 07/29/2020, 7:58 pm

Yes, it doesn't seem like they should be included. I think it'd be safe to assume that on the exam any long-term debt is non-current unless specifically stated in the question.

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