Non-trading securities should always be reported at fair value and classified as current assets on the statement of financial position.

Name: Non-trading securities should always be reported at fair value and classified as current assets on the statement of financial position.
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Question

Quizplus · Accepted Answer

Non-trading securities can be classified as either current or non-current assets depending on the company's intent and ability to hold them, and they are reported at fair value.

Non-Trading Securities Should Always Be Reported at Fair Value and Classified