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Why does Wiley have to make things so complicated??????? It’s good for some things, but I seem to be struggling particularly in the area of Investments and my exam is less than a week away!
Is there anyone that can give me a brief summary of what Wiley’s rules are for investments?? I just don’t understand the whole “FV option elected” and how that affects Trading, AFS,and HTM securities…or how the election affects how equity method securities are measured at the end of the year.
This is just so confusing… : /
With Becker it was simple… Trading and AFS are measured at FV and HTM are measured at amortized cost Unrealized G/L are recognized on the I/S for Trading and OCI for AFS…Becker never made mention of the treatment of unrealized holding G/L for HTM and how they were to be reported (not that I can remember anyways)
Can anyone give me an easy-to-remember list of rules for this????
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