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

Name: Available-for-sale securities should always be reported at fair value and classified as current assets on the statement of financial position.
Brand: Quizplus
Rating: 5.0 (52 reviews)

Question

Quizplus · Accepted Answer

Available-for-sale securities are reported at fair value, but they can be classified as either current or non-current assets depending on the company's intent and ability to hold them for more than one year.

Available-For-Sale Securities Should Always Be Reported at Fair Value and Classified