扫码下载APP
及时接收最新考试资讯及
备考信息
Entities should report marketable equity securities classified as trading at:
a. Fair value, with holding gains and losses included in earnings.
b. Lower of cost or market, with holding gains included in earnings only to the extent of previously recognized holding losses.
c. Lower of cost or market, with holding gains and losses included in earnings.
d. Fair value, with holding gains included in earnings only to the extent of previously recognized holding losses.
Explanation
Choice "a" is correct. Trading securities are reported at fair value, with holding gains and losses included in earnings.
Choice "c" is incorrect. Lower of cost or market valuation is not permitted under IFRS or U.S. GAAP.
Choice "b" is incorrect. Lower of cost or market valuation is not permitted under IFRS or U.S. GAAP.
Choice "d" is incorrect. Trading securities are reported at fair value but there is no restriction on the recognition of holding gains.
关注正保会计网校“美国CPA考试”官方微信,相关动态弹指间了解,只拿手机便知考试动态。还等什么,扫一扫微信码加入网校大家庭吧!
Copyright © 2000 - www.fawtography.com All Rights Reserved. 北京正保会计科技有限公司 版权所有
京B2-20200959 京ICP备20012371号-7 出版物经营许可证 京公网安备 11010802044457号