Long-term investments in debt securities not classified as trading or held-to-maturity securities are classified as available-for-sale securities.

Question

Quizplus · Accepted Answer

Long-term investments in debt securities that are not classified as trading or held-to-maturity securities are recorded as available-for-sale securities. These securities are reported at fair value on the balance sheet, and any unrealized gains or losses are reported in other comprehensive income until the securities are sold.

Long-Term Investments in Debt Securities Not Classified as Trading or Held-To-Maturity