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26 December, 05:25

When the market value of an investment in debt securities in which the company has a positive intent and ability to hold to maturity exceeds its carrying amount, how should each of the following assets be reported at the end of the year?

Long-term marketable debt securities / Short-term marketable debt securities

a. Market value / Carrying amount

b. Carrying amount / Market value

c. Market value / Market value

d. Carrying amount / Carrying amount

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Answers (1)
  1. 26 December, 08:13
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    (D) Carrying amount / Carrying amount
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