GAAP Says That If a Company Owns Bonds, Even If

question 53

True/False

GAAP says that if a company owns bonds, even if it intends to hold those bonds until they mature, it must use fair value to account for them, and must show any holding gains or losses in income each year.

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Spam Blocker

A software tool or system designed to detect and prevent unsolicited or unwanted emails from reaching a user's inbox.

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