All investment securities are initially recorded at:

Name: All investment securities are initially recorded at:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

All investment securities are initially recorded at cost, which includes brokerage fees, commissions, and other related expenses. This is in accordance with the generally accepted accounting principles (GAAP). Present value and equity value are not relevant for initial recording of investments, and therefore options B and C are incorrect.

All Investment Securities Are Initially Recorded At