Q6. According to SFAS No. 115, a category of securities is carried on the company balance sheet at cost. This category of securities is called debt: A) and equity trading securities. B) and equity securities available-for-sale. C) securities held-to-maturity.
Q7. Which of the following statements is TRUE about securities classified as held to maturity?
A) Only debt securities can be classified as "held to maturity" securities. B) Equity securities can be classified as "held to maturity" if the security pays a large and consistent dividend and management has decided to hold the security for more than five years. C) Equity securities can be classified as "held to maturity" if the firm's management has decided to hold the security for more than five years.
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发表于 2009-1-5 11:39
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