Question: Instructions: Using the FASB Codification, provide information from the ASC that answers the following questions. Provide codification references for your responses. 1. According to the

Instructions: Using the FASB Codification, provide information from the ASC that answers the following questions. Provide codification references for your responses.

1. According to the authoritative literature, when is the fair value of an investment security "readily determinable"?

2. When deciding if a bond investment should be classified as held-to-maturity, how close to maturity can an investor plan to sell an investment and still classify it as held-to-maturity?

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