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Investments. WHAT IS MEANT BY EQUITY SECURITIES THAT HAVE A READILY DETERMINABLE FAIR VALUE? EMPHASIS ON THIS QUESTION IS THE PORTION THAT IS BOLDED. USE

Investments.

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WHAT IS MEANT BY EQUITY SECURITIES THAT HAVE A READILY DETERMINABLE FAIR VALUE? EMPHASIS ON THIS QUESTION IS THE PORTION THAT IS BOLDED. USE THE FASB ACCOUNTING STANDARDS CODIFICATION TO ANSWER THIS QUESTION. PLEASE ANSWER THE QUESTION AND IDENTIFY PROPER REFERENCE WHERE ANSWER WAS FOUND. 1. EXPLAIN THE ACCOUNTING RULES THAT RELATE TO EACH OF THE CLASSIFICATIONS (TRADING, AVAILABLE FOR SALE, AND HELD TO MATURITY). 2

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