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Question 23 When an investment in held-to-maturity security is transferred to an available-for-sale debt security, the carrying value assigned to the available-for-sale debt security should

Question 23

When an investment in held-to-maturity security is transferred to an available-for-sale debt security, the carrying value assigned to the available-for-sale debt security should be

Its original cost

Its fair value at the date of the transfer

The higher of its original cost or its fair value at the date of the transfer.

The lower of its original cost or its fair value at the date of the transfer.

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