Presented below is a situation involving equity securities:
An equity security, whose fair value is currently less than cost, is classified as available – for – sale but is to be reclassified as trading.
Instructions
Answer the following question.
1. What is the effect upon carrying value and earnings for the scenario presented?

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Presented below is a situation involving equity securities:
An equity security, whose fair value is currently less than cost, is classified as available – for – sale but is to be reclassified as trading.
Instructions
Answer the following question.
1. What is the effect upon carrying value and earnings for the scenario presented?

Leave a Reply

Your email address will not be published. Required fields are marked *