CASE 8-1.docx - Case 8-1 Brittany Wilkins CASE 81 Accounting for Investments FASB ASC 320(generally effective until 2018 requires companies to assign

CASE 8-1.docx - Case 8-1 Brittany Wilkins CASE 81...

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Case 8-1 Brittany Wilkins CASE 8 1 Accounting for Investments FASB ASC 320 (generally effective until 2018) requires companies to assign their portfolio of investment securities into 1. Trading securities 2. Securities available for sale 3. Held‐to‐maturity securities Required: 1.Define each of these categories of securities, and discuss the accounting treatment for each category.
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