Short- or long-term debt instruments held for trading are recorded as
A) current assets at amortized cost.
B) non-current assets at amortized cost.
C) current asset at fair value.
D) non-current assets at fair value.

Question

Quizplus · Accepted Answer

Debt instruments held for trading purposes are classified as current assets and are recorded at fair value, reflecting their market value at the balance sheet date.

Short- or Long-Term Debt Instruments Held for Trading Are Recorded