Chapter 12A Flashcards

1
Q

How are investment in debt securities measured at the end of each reporting period?

A

at their fair values as of those dates

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2
Q

How are changes in fair value from one reporting date to another reported as?

A

Unrealized Gain or loss

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3
Q

True or False: There is an amortization of the premiums or discount amounts in investment in debt securities accounted for at FVTPL.

A

False.

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4
Q

This is the fair value of the debt security.

A

Clean price

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5
Q

This is the fair value of the debt security plus the accrued interest.

A

Dirty price

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