Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

When the fair value of an investment in debt securities exceeds its amortized cost, how should each of the following debt securities be

reported at the end of the year, given no election of the fair value option?           Debt Securities                                Classified As

Held-to-Maturity                      Available-for-Sale

A. Amortized cost                              Amortized cost

B. Amortized cost                                      Fair value

C. Fair value                                              Fair value

D. Fair value                                      Amortized cost

user-image
Question ajoutée par Utilisateur supprimé
Date de publication: 2015/03/06
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Held-to-Maturity ----Amortized cost                                

Available-for-Sale----- Fair value

Answer Option :     B

Syed Ammar
par Syed Ammar , Senior Accounts Officer , The City Schools (Group Head office)

B. Amortized cost                                      Fair value

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

answer B is the correct answer 

IMRAN ALI MOHAMMED
par IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

The debt securities classified as Held to Maturity should be reported as 'Amortized Cost' & Available for Sale as 'Fair Value'.

SHARIF KAKUBIZI
par SHARIF KAKUBIZI , ACCOUNTS ASSISTANT , GRAND GLOBAL HOTEL

D. Fair value                                      Amortized cost

More Questions Like This