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Which of the following is a condition to record an investment as an available-for-sale security?
A) It must be a debt security.
B) The ownership in the voting stock of the investee should be less than 20 percent.
C) The investor plans to hold the debt security until it matures.
D) The investor should have a significant interest in the voting stock of the investee.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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H3Ko Author
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7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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