In footnotes to its 2016 annual report, Bancfirst Corp. reported that held-to-maturity debt securities with an amortized
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In footnotes to its 2016 annual report, Bancfirst Corp. reported that held-to-maturity debt securities with an amortized cost of $4,365 thousand had an estimated fair value of $4,403 thousand. a. What amount does Bancfirst report on its 2016 balance sheet for these held-to-maturity securities? b. If these debt securities had instead been classified as available-for-sale securities, how would Bancfirst’s pretax income have been affected
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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