Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 5 - Balance Sheet and Statement of Cash Flows - Questions - Page 279: 17d

Answer

Trading securities that include common stock of other companies are listed using the fair value.

Work Step by Step

Trading securities refers to investments in equity or debt that the management trades for profit within the current period, and these are stated at their fair value.
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