Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 5 - Balance Sheet and Statement of Cash Flows - Review and Practice - Questions - Page 237: 11


No. Available-for-sale securities should be reported as a current asset only if the management expects to convert them into cash as needed within one year or the operating cycle whichever is longer.

Work Step by Step

Its important to note that, if available-for-sale securities are not held within this expectations, then they should be reported as long-term investments.
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