Question: I need help writing this essay for my class ACC/497. FASB ASC 320 requires companies Trading securities Securities available for sale Held-to-maturity securities Here are

I need help writing this essay for my class ACC/497.

FASB ASC 320 requires companies

  • Trading securities
  • Securities available for sale
  • Held-to-maturity securities

Here are the questions for the essay.

  • 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 noncurrent 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."

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