All available-for-sale (AFS)debt investments are reported on the balance sheet at ________.

Question

Quizplus · Accepted Answer

AFS debt investments are reported on the balance sheet at their current market value, which reflects their fair value at the reporting date. This is in accordance with the accounting standard ASC 320, which requires AFS debt investments to be periodically revalued to their fair value. Therefore, historical cost (A), replacement cost (B), and net realizable value (D) are not suitable measures for reporting AFS debt investments on the balance sheet.

All Available-For-Sale (AFS)debt Investments Are Reported on the Balance Sheet