Which of the following disclosures is not required for investments in securities by current GAAP?

Question

Quizplus · Accepted Answer

Under current GAAP, disclosure of the circumstances leading to the decision to sell or transfer a trading security is not required. However, disclosure of the proceeds from sales and the gross realized gains and losses from the sale of available-for-sale securities, the contractual maturities of held-to-maturity debt securities, and the aggregate fair value of available-for-sale securities by major security type are required.

Which of the Following Disclosures Is Not Required for Investments