Investments in securities to be held for an unspecified period of time are reported at:

Question

Quizplus · Accepted Answer

Investments in securities that are held for an unspecified period of time are reported at fair value. The fair value is the current market price of the securities on the balance sheet date, and it provides investors with a more accurate picture of the value of the investment. This is in line with the accounting principle of relevance, which states that financial information should be capable of making a difference in the decisions of users.

Investments in Securities to Be Held for an Unspecified Period