Problem $6$

Please answer using the FASB accounting standards codification

Your audit client needs some guidance on how to account for its investments in equity and debt securities $($specifically$,$ guidance on the accounting subsequent to the initial recognition of the securities$).$ The client has equity investments in stock of both public and private companies, and investments in debt securities$.$ What is the appropriate guidance? Use only the Codification to prepare your response. Include in your response specific Codification references.