CPA NINJA

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  1. How are trading securities recorded?
    On the balance sheet at Fair Value, as current assets

    Unrealized gains/losses are recorded on the Income Statement

    If they are reclassified as held-to-maturity or available-for-sale, there is no effect upon transfer.
  2. How are Available-For-Sale securities recorded?
    On the balance sheet, at fair value as either current or non-current assets.

    Unrealized gains/losses are included in OCI (Other Comprehensive Income)

    If reclassified as held-to-maturity, unrealized G/L go to Stockholder's Equity

    If reclassified as trading securities, unrealized G/L recognized in current period.
  3. How are held-to-maturity securities recorded?
    On the balance sheet at amortized cost as current or non-current assets.

    Unrealized gains or losses are not applicable.

    If reclassified as available-for-sale, unrealized G/L go to Stockholder's Equity

    If reclassified as trading securities, unrealized G/L recognized in current period

Card Set Information

Author:
dominicano
ID:
92325
Filename:
CPA NINJA
Updated:
2011-06-28 22:47:56
Tags:
Investments xml
Folders:

Description:
Investments.xml
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