True or False 1) At the end of each accounting period, trading debt securitiesmust be adjusted and r

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True or False 1) At the end of each accounting period, trading debt securitiesmust be adjusted and reported at fair value. 2) Depreciation means that the business sets aside case toreplace an asset when it is used up. 3) Each recievable transaction involves two parites – the onewho takes on the obligation and the one who will collect thecash. 4) Controlling interest equity investments are debt securitiesin which the investor owns more than 50% of the investee’s votingstock. 5) If a customer makes payment on a recievable that has alreadybeen written off, the receivable account is reestablished. 6) All cash deposits should be deposited in the bank at the endof each week. Thank you for the help. . . .

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