FASB ASC 320 requires companies to assign their portfolio of investment securities into: Trading securities....
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Accounting
FASB ASC 320 requires companies to assign their portfolio of investment securities into:
Trading securities. Securities available for sale. Held-to-maturity securities. .
Discuss the arguments for each position.Some individuals maintain that the only proper accounting treatment for all marketable securities is current value. Others maintain that this treatment might allow companies to "manage earnings".
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