- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 11. Intercorporate Investments
- Subject 2. Investments in Financial Assets
CFA Practice Question
Under U.S. GAAP, transfers between categories of investments are accounted for at:
A. Fair value.
B. Historical cost.
C. Amortized cost.
Explanation: The securities must be marked to market on the date of transfer.
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