14. For available-for-sale securities, a decline in value due to a temporary decline in market value below cost is a. disclosed in the financial statements by means of a footnote b. disclosed as a reduction from stockholders' equity on the balance sheet c. disclosed as a loss on the income statement d. not disclosed because the decline in value is only temporary
14. For available-for-sale securities, a decline in value due to a temporary decline in market value below cost is a. disclosed in the financial statements by means of a footnote b. disclosed as a reduction from stockholders' equity on the balance sheet c. disclosed as a loss on the income statement d. not disclosed because the decline in value is only temporary
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 5MC
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14. For available-for-sale securities, a decline in value due to a temporary decline in market value below cost is
a. disclosed in the financial statements by means of a footnote
b. disclosed as a reduction from
c. disclosed as a loss on the income statement
d. not disclosed because the decline in value is only temporary
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