单选题 When the market value of an investment in a debt security is less than its carrying value, how should the investor report the investment on the balance sheet if the security is classified as held-to-maturity and what amount should be reported if the security is classified as available-for-sale?
Held-to-maturity Available-for-sale
①A. Amortized cost Amortized cost
②B. Fair value Fair value
③C. Amortized cost Fair value
  • A. ①
  • B. ②
  • C.③
【正确答案】 C
【答案解析】Held-to-maturity securities are reported on the balance sheet at amortized cost while availablefor-sale securities are reported at fair value. Amortized cost includes the amortization of a premium or discount that was created when the security was purchased.