Chapter 12A Flashcards
1
Q
How are investment in debt securities measured at the end of each reporting period?
A
at their fair values as of those dates
2
Q
How are changes in fair value from one reporting date to another reported as?
A
Unrealized Gain or loss
3
Q
True or False: There is an amortization of the premiums or discount amounts in investment in debt securities accounted for at FVTPL.
A
False.
4
Q
This is the fair value of the debt security.
A
Clean price
5
Q
This is the fair value of the debt security plus the accrued interest.
A
Dirty price
