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Step2247 [10]
3 years ago
9

All of the following are true of the effect of fair value accounting on the financial statements except a.changes in the fair va

lue of trading securities are recognized on the income statement b.any difference between the original cost or the prior period's fair value must be recorded c.changes in the fair value of available-for-sale securities are recognized on the income statement d.valuation allowance accounts are reported on the balance sheet
Business
1 answer:
Anna71 [15]3 years ago
4 0

Option C

<u>Explanation:</u>

All of the following are true of the effect of fair value accounting on the financial statements :

<u>option c. changes in the fair value of available-for-sale securities are recognized on the income statement. is correct .</u>

Reasonable worth bookkeeping is a monetary detailing approach, otherwise called the "mark-to-advertise" bookkeeping practice, under proper accounting rules (GAAP). Utilizing reasonable worth bookkeeping, organizations measure and report the estimation of specific resources and liabilities based on their real or assessed reasonable market costs. Changes in resource or risk esteems after some time produce hidden additions or misfortunes for the advantages held and liabilities extraordinary, expanding or diminishing total compensation, just as value to be determined sheet.

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Define demand and supply​
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If parts are replaced when you have work done on your vehicle, __________.
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Read 2 more answers
What is the present value of a security that will pay $34,000 in 20 years if securities of equal risk pay 8% annually? Round you
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Answer:

present value = $7296.14

Explanation:

given data

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solution

we apply here future value formula for get present value that is

future value = present value × (1+r)^{t}    .....................1

put her value and we get

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3 years ago
Book store owner, Sandra Walker, has a personal check from one of her customers, payable to The Book Nook. Sandra wants to depos
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Answer:

see below

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