Term
| Define Held-to-maturity investments |
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Definition
| Debt securities for which the investor has the positive intent and ability to hold to maturity |
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Term
| Define Securities available-for-sale |
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Definition
| Debt or equity securities not classified as either securities held-to-maturity or trading securities. |
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Term
| Define Trading Securities |
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Definition
| Debt or equity securities held for immediate resale |
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Term
| What account is debited when recording the purchase of a bond? |
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Definition
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Term
| What is considered to be "significant influence" over an investee? |
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Definition
| Between 20% and 50% of the investee's voting shares. |
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Term
| What are consolidated financial statements? |
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Definition
| Financial statements that combine the individual elements of the parent and subsidiary statements. |
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Term
| What two accounts would be affected when recording cash interest recieved from an investment? |
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Definition
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Term
| Name the intangible asset that should not be amortized. |
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Definition
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Term
| All investment securities are initially recorded at their... |
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Definition
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