All investment securities are initially recorded at:

Question

Quizplus · Accepted Answer

All investment securities are initially recorded at their cost. This includes stocks, bonds, and other investment securities. Cost is the amount paid to acquire the securities and should include any transaction costs such as brokerage fees. This cost is then used as a basis for subsequent accounting treatment, such as determining gains and losses and measuring the value of the investment over time.

All Investment Securities Are Initially Recorded At