Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. o fas 115 allows companies that dont intend on tra

o FAS 115 allows companies that dont intend on trading investments to make fast profits...

70.2K

Verified Solution

Question

Accounting

o FAS 115 allows companies that dont intend on trading investments to make fast profits to classify these investments as Available-for-Sale (AFS). Unrealized gains and losses from AFS securities are included in Other Comprehensive Income rather than on the Income Statement. Explain whether or not you think this is transparent accounting.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

A hollow, thin-walled sphere of mass 11.0 kg and diameter 48.0 cm is rotating about an...

Calculus
1.2K views

the line below KEREKE THA BEDDE MEKLEREENEEM XTREMENTMINERIN DESCRE

Calculus
1.2K views

Write a degree 3 Maclaurin Polynomial for f(x) = -4 sin(4x).

Calculus
1.2K views

For the following exercises for each pair of functions find a f g x and...

Algebra
1.2K views

How does the graph of f x x 2 4 6 compare to the parent...

Accounting
1.2K views

X, Y and Z are sharing profits in the ratio of 2/5: 2/5: 1/5. Partner...

Accounting
1.2K views

Question 2 ew Policies urrent Attempt in Progress Kingbird Company leases an automobile...

Accounting
1.2K views

At the beginning of the school year, Graig Kovar declded to prepare a cash budget...

Accounting
1.2K views

Companies that invest in other companies often prefer using the equity method instead of consolidating...

Accounting
1.2K views

Jyoti Inc. had outstanding $10 million of 8% bonds (interest payable March 31 and September...

Accounting
1.2K views

The thudaka company has budgeted it's conversion cost for the small lamp production as$65000 for...

Finance
1.2K views

Note: for this homework feel free to use Excel. 1. Your client wants to protect...