When an investment is acquired to be held for an unspecified period of time as opposed to

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When an investment is acquired to be held for an unspecified period of time as opposed to being held to maturity, it is reported at the fair value of the investment securities on the reporting date. Why?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jul 02, 2013 06:18 AM

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When an investment is acquired to be held for an unspecified period of time as opposed to

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Intermediate Accounting

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