Under the fair value through other comprehensive income model, investments are reported as long term assets

Question

Quizplus · Accepted Answer

The fair value through other comprehensive income model allows investments to be reported as long term assets depending on the company's management intent and the marketability of the investment. This implies that if a company intends to hold an investment for a long-term period and the investment is marketable, it may be reported as a long-term asset under the fair value through other comprehensive income model.

Under the Fair Value Through Other Comprehensive Income Model, Investments