When the fair value of an investment in debt securities exceeds its amortized cost, how should each of the following debt securities be

reported at the end of the year, given no election of the fair value option? Debt Securities Classified As

Held-to-Maturity Available-for-Sale

A. Amortized cost Amortized cost

B. Amortized cost Fair value

C. Fair value Fair value

D. Fair value Amortized cost

Accounting Auditing CMA Economics Banking

Question added by Deleted user
Date Posted: 2015/03/06

Upvote (2) Views (9) Followers (7) Answers (5) Report Question

by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Held-to-Maturity ----Amortized cost

Available-for-Sale----- Fair value

Answer Option : B

Upvote (4)

by Syed Ammar , Senior Accounts Officer , The City Schools (Group Head office)

B. Amortized cost Fair value

by Ahmed kandil , Cost Controller , Battour Holding Cpompany

answer B is the correct answer

by IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

The debt securities classified as Held to Maturity should be reported as 'Amortized Cost' & Available for Sale as 'Fair Value'.

by SHARIF KAKUBIZI , ACCOUNTS ASSISTANT , GRAND GLOBAL HOTEL

D. Fair value Amortized cost

Upvote (0)

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