Which of the following marketable securities are reported at cost on the Balance Sheet date?
A)Trading securities
B)Available-for sale securities
C)Held-to-maturity securities
D)Trading and held-to-maturity securities

Question

Quizplus · Accepted Answer

Held-to-maturity securities are reported at cost on the Balance Sheet date. Trading securities are reported at fair value and available-for-sale securities are reported at fair value with unrealized gains or losses reported as other comprehensive income.

Which of the Following Marketable Securities Are Reported at Cost