For securities classified as held-to-maturity, what do companies disclose in the notes to the financial statements?
What will be an ideal response?
Answer: For held-to-maturity securities, companies disclose the following by major security type:
- Amortized cost basis
- Aggregate fair value
- Gross unrecognized holding gains (losses)
- Net carrying amount
- Information about the maturity of debt securities
- Any impairment loss and where reported
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Race restrictions limiting the sale or lease of property to persons of the Caucasian race were imposed on a subdivision in 1920, due to expire in 2009. The restrictions are presently
A. valid, as long as the original owner is still alive. B. unenforceable, even if the majority of homeowners want them. C. enforceable, if the buyer agrees. D. binding.