Financial & Managerial Accounting
Financial & Managerial Accounting
13th Edition
ISBN: 9781285866307
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 13, Problem 23EX

a)

To determine

Available-for-sale securities:

These are short-term or long-term investments in debt and equity securities with an intention of holding the investment for some strategic purposes like meeting liquidity needs, or manage interest risk.

To indicate: The presentation of available-for-sale investments on the current assets section of the balance sheet.

b)

To determine

To indicate: The presentation of available-for-sale investments on the stockholders’ equity section of the balance sheet.

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Financial & Managerial Accounting

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