GASB Statement No.72 requires the following investments to be recorded at fair value except

Name: GASB Statement No.72 requires the following investments to be recorded at fair value except
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Quizplus · Accepted Answer

GASB Statement No.72 requires nonparticipating interest-earning investment contracts to be recorded at amortized cost, not fair value. Participating interest-earning investment contracts, equity securities with readily determinable fair values, and debt securities are all required to be recorded at fair value.