If the Fair Value of a Non-Trading Security Exceeds Its

question 199

True/False

If the fair value of a non-trading security exceeds its cost, the security should be written up to fair value and a realized gain should be recognized.

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Definitions:

Trade Barriers

Measures implemented by governments to control or limit the volume of goods and services imported or exported, affecting international trade.

Trade Surplus

A situation where the value of a country’s exports exceeds the value of its imports.

Balance of Trade

The difference in value between a country's imports and exports over a given period, indicating the net earnings on foreign trade.

Foreign Trade Sector

The segment of an economy's market dealing with the exchange of goods and services across international borders.