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The valuation principle of \"mark-to-market\" applied to investments classified

ID: 1178839 • Letter: T

Question

The valuation principle of "mark-to-market" applied to investments classified as available for sale securities:
A. Affects the current period income statement, but not the balance sheet.
B. Enhances usefulness of the balance sheet in evaluating solvency of a business.
C. Applies to marketable securities and inventories.
D. Requires a corporation to adjust its capital stock account to reflect current market value of its outstanding capital stock.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Explanation / Answer

B. Enhances
usefulness of the balance sheet in evaluating solvency of a business

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