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Q. Cash equivalents and investments?

Cash as well as cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less.

SFAS 115 necessitate that certain investments in debt and equity securities be classified into one of three categories. Debt securities that the Company has the positive intent as well as ability to hold to maturity are classified as held-to-maturity and reported at amortized cost. Debt securities not categorize as held-to-maturity as well as marketable equity securities are classified as either trading or available-for-sale and are recorded at fair value with unrealized gains and losses included in earnings or stockholders' equity respectively.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9568184

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