- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 14. Analysis of Financial Institutions
- Subject 2. Analyzing a Bank: The CAMELS approach
CFA Practice Question
The U.S. GAAP require equity investments to be measured at:
A. fair value through net income
B. fair value through other comprehensive income
C. it depends on the categorization (held to maturity, trading, available for sale) of such investments.
Explanation: Under U.S. GAAP, the three categories apply only to debt securities.
User Contributed Comments 1
| User | Comment |
|---|---|
| Calvinboca | Does GAAP allow non-debt to be held at AFS? |