Solved

In Footnotes to Its 2016 Annual Report, Bancfirst Corp

Question 17

Multiple Choice

In footnotes to its 2016 annual report, Bancfirst Corp. reported that held-to-maturity debt securities with an amortized cost of $4,365 thousand had an estimated fair value of $4,403 thousand.
The balance sheet reported:


A) Held-to-maturity assets of $4,365 thousand
B) Held-to-maturity assets of $4,403 thousand
C) Accumulated other comprehensive income of $38 thousand related to held-to-maturity assets
D) Both A and C
E) Both B and C

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents