中級财务会计英文版第七章课后题答案.doc

Chapter 12 Investments Questions for Review of Key Topics Question 12-1 Investment securities are classified as “held-to-maturity,” “trading,” or “available-for-sale” securities. Question 12-2 Increases and decreases in the market value between the time a debt security is acquired and the day it matures to a prearranged maturity value are ignored for a security classified as “held-to-maturity.” These changes aren’t important if sale before maturity isn’t an alternative, which is the case if an investor has the “positive intent and ability” to hold the security to maturity. Question 12-3