Statements regarding accounting for held-to-maturity

Reference no: EM13761925

Here is something that is bugging me.Which of the following statements regarding the accounting for held-to-maturity securities is incorrect?

To classify an investment as held-to-maturity, the company must have either the intent or the ability to hold the security until maturity.
If a debt security is purchased at par value, it will be valued and reported at the purchase price until it matures.
A held-to-maturity security can be reported as either a current or a non-current liability

Reference no: EM13761925

Questions Cloud

Investments is measured on the current or capital account : In terms of evaluating goods, services, and assets that are traded between countries throughout the world, the overall measurement of these activities is expressed as the balance of payments. The largest component of a country's balance of payments i..

Explore the international accounting standards board : Explore the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) Web sites, and complete the following:

Identify different computer crimes that you are aware of : Computer crime has become a serious matter; for your Discussion Board post, consider the following: Identify 3 different computer crimes that you are aware of

Identify three different sources of economic growth : Identify three different sources of economic growth for a national economy. What do you think would be the most helpful thing to increase economic growth within the U.S. economy? Why?

Statements regarding accounting for held-to-maturity : Here is something that is bugging me.Which of the following statements regarding the accounting for held-to-maturity securities is incorrect?

Identify the four major tools of monetary policy : (TCO 6) a) Identify the four major tools of monetary policy. b) Describe how changes in the Fed's major policy tools leads to [1] expansionary and [2] restrictive or contractionay monetary policies.

Assess the challenges e-business and e-commerce technologies : Assess the challenges e-Business and e-Commerce technologies present to the field of Information Technology. Describe what technologies you believe provide the biggest challenge and provide a strategy to overcome that technological challenge. Supp..

Compare each organizations use of information systems : Compare and contrast the MIS in place in two distinctly different organizations. Compare each organization's use of information systems to help manage internal operations and to make decisions

Healthcare for woman : Discuss the activities that each organization practices to decrease the barriers to healthcare access for women and/or minorities.

User Account

All Pages