Asked by Mackenzie Vatter on Jun 28, 2024
Verified
Long-term investments in available-for-sale securities are reported at fair value on the balance sheet.
Fair Value
An estimate of the market value of an asset or liability, based on current prices in active markets for identical or similar items.
- Recognize the reporting requirements for available-for-sale securities.
Verified Answer
ZI
Zakiyyah IbrahimJul 05, 2024
Final Answer :
True
Explanation :
Long-term investments in available-for-sale securities are reported at fair value on the balance sheet in accordance with the accounting standards.
Learning Objectives
- Recognize the reporting requirements for available-for-sale securities.
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