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Help with a 700 - to 1,050-word paper.

Your client, Cascade Company, is planning to invest some of its excess cash in 5-year revenue bonds issued by the county and in the stock of one of its suppliers, Teton Co. Teton's shares trade on the over-the-counter market. The company would like you to conduct some research on the accounting for these investments.

Instructions:

Since the Teton shares do not trade on one of the large stock markets, Cascade argues that the fair value of this investment is not readily available.

Describehow an impairment of a security is accounted for.

Determinehow close to maturity Cascade could sell an investment and still classify it as held-to-maturity.

To avoid volatility in their financial statements due to fair value adjustments, Cascade debated whether the bond investment could be classified as held-to-maturity; Cascade is pretty sure it will hold the bonds for five years.

Listdisclosures that must be made for any sale or transfer from securities classified as held-to-maturity.

Formatyour paper consistent with APA standards.