Description
What are the effects on equities?
Financial Statement Effect of Equity Securities
Presented below is a situation involving equity securities:
An equity security, whose fair value is currently less than cost, is classified as available ‐ for ‐ sale but is to be reclassified as trading.
What is the effect upon carrying value and earnings for the scenario presented?
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Financial Statement Effect of Equity Securities
Available for sale securities are debt or equity instruments, which are default
classifications for whatever investments not classified as “held-to-maturity” or “trading”
securit...
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