An asset is reported at fair value, but unrealized gains and losses on the asset are not reported on the income statement. The asset is most likely categorized as: Cash or a cash equivalent. A trading security. An available-for-sale security. A held-to-maturity security.

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.