Securities are available for sale.
Write a response of no more than 1,500 words in which you answer the following:
Define each of these categories of securities and discuss the accounting treatment for each category.
Discuss how companies are required to assign each category of securities into its current and non-current portions.
Discuss the arguments for each position. Some individuals maintain that the only proper accounting treatment for all marketable securities is current value. Others maintain that this treatment might allow companies to “manage earnings”.
Make Sure to include references.