US Generally Accepted Accounting Principles Require That a Company Adjust

question 138

Multiple Choice

U.S. Generally Accepted Accounting Principles require that a company adjust ________ of available-for-sale securities to ________ at the end of each accounting period.

• A)each security; amortized cost
• B)each security; lower of cost or market
• C)the portfolio; current replacement cost
• D)the portfolio; fair value

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Definitions:

Equilibrium

A state of balance or stability within a system, where competing forces or influences are in equal opposition.

Nonprobability Sample

There is little or no attempt to get a representative cross-section of a population.

Availability Of Participants

The extent to which potential research subjects or participants are accessible or willing to take part in a study.

Nonprobability Sample

A sampling method where not all members of the population have a chance of being selected, often leading to potential biases.