Can a single cold card be part of a multisig setup and a single sig set up at the same time?

I am constructing a test multisig set up and the cold card is one of the signing devices.

When I load the PSBT, the cold card asks "Do you want to important the multisig wallet?"

The answer is "yes," b/c I want to sign the transaction to send the funds out of the test multisig set up, HOWEVER, I don't want this to destroy the single sig functionality of the device.

Does my question make sense?