Fundamental Accounting Principles Study Set 5
Quiz 15: Investments and International Operations
Investments in Held-For-Trading Securities
Investments in held-for-trading securities: A) Include only equity securities. B) Are reported as current assets. C) Include only debt securities. D) Are reported at their cost, no matter what their market value. E) Are long-term investments.
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A decrease in the fair value of a security that has not yet been realized through an actual sale of the security is called a(n): A) Contingent loss. B) Realizable loss. C) Unrealized loss. D) Capitalized loss. E) Market loss.
Held-to-maturity securities are: A) Always classified as Long-Term Liabilities. B) Always classified as Long-Term Investments. C) Debt securities that a company intends and is able to hold to maturity. D) Equity securities that a company intends and is able to hold to maturity. E) Equity securities that have a maturity value greater than cost.
Available-for-sale securities are: A) Recorded at cost and remain at cost over the life of the investment. B) Reported at historical cost, adjusted for the amortized amount of any difference between cost and maturity value. C) Reported at fair value on the balance sheet. D) Intended to be held to maturity. E) Always classified with Long-Term Liabilities.
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