
Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package
11th Edition
ISBN: 9780134078946
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Question
Chapter 15, Problem 11RQ
To determine
Whenever, an organisation purchases any investments, and then it has to classify them into three categories, namely Held for trading, Available for sale and Held to maturity. Further, any unrealised gain or loss on those investments has also to be reported at the period end.
Here, in this question we will analyse how unrealised gain or loss is reported at period end for available for sale debt investments.
To determine: - Presentation of unrealized holding gain or loss on Available for sale debt investments
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