The available-for-sale securities are shown on the:

Question

Quizplus · Accepted Answer

Available-for-sale securities are recorded on the balance sheet at fair market value, so they would be shown on the Report of Condition at fair market value. This differs from held-to-maturity securities, which are recorded at amortized cost and would be shown on the Report of Condition at book value. The Report of Income would show any changes in fair market value of the available-for-sale securities as unrealized gains or losses in the Other Comprehensive Income section, until they are sold and the gains or losses become realized. Therefore, options A, B, C, and E are incorrect.

The Available-For-Sale Securities Are Shown on The