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You just got hired as a staff accountant at a reputational company. One of your job duties is to prepare memos to help with decision-making, especially when it involves different accounting choices a company could have made. Recently the company is contemplating purchasing bonds as an investment, due to the downturn of stock market. The company does NOT want to hold them until maturity date, it is unsure how long it will hold these bonds. Your supervisor notices that FASB allows two other categories, i.e., available for sale (AFS) versus trading securities (TS), to classify these bonds investment in. However, their accounting procedure and impact on financial statement seem to share some similarities and differences. Your supervisor assigns you to explore about this further. In your memo, analyze the similarities and differences between AFS and TS in the following aspects: 1. Accounting procedures during the year and at year-end 2. Financial statement presentation 3. Impact on the company's key ratio such as a. return on equity (net income total stockholder' equity) b. return on assets (net income total assets) TTT Arial 3 (12pt) T-E. You just got hired as a staff accountant at a reputational company. One of your job duties is to prepare memos to help with decision-making, especially when it involves different accounting choices a company could have made. Recently the company is contemplating purchasing bonds as an investment, due to the downturn of stock market. The company does NOT want to hold them until maturity date, it is unsure how long it will hold these bonds. Your supervisor notices that FASB allows two other categories, i.e., available for sale (AFS) versus trading securities (TS), to classify these bonds investment in. However, their accounting procedure and impact on financial statement seem to share some similarities and differences. Your supervisor assigns you to explore about this further. In your memo, analyze the similarities and differences between AFS and TS in the following aspects: 1. Accounting procedures during the year and at year-end 2. Financial statement presentation 3. Impact on the company's key ratio such as a. return on equity (net income total stockholder' equity) b. return on assets (net income total assets) TTT Arial 3 (12pt) T-E