The carrying value of available-for-sale debt and equity securities is

A) historical cost
B) the current market value
C) the lower of cost or current market value
D) the higher of cost or current market value

Available-for-Sale

A classification of securities that a company holds, which can be sold in the future, not classified as held-to-maturity or trading securities.

Carrying Value

The book value of assets and liabilities on a company's balance sheet, often equating to the cost minus depreciation for assets.

Historical Cost

The original monetary value of an asset, without adjustments for inflation, depreciation, or other factors since acquisition.