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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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