ACC422 TOP Exam Questions And CORRECT Answers
Investment categories Debt securities (ex. bonds) and equity securities (ex. stocks and stock options) Types of debt securities Trading (buy to sell), available for sale (watching, in between), held to maturity (in it for long haul) Types of equity securities Trading, available for sale Valuation of trading debt securities Record at fair value, unrealized gains/losses reported as part of net income Valuation of available for sale debt securities Record at fair value, amortize if discounted/premium, unrealized holdings gains/losses reported in equity
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