[jamesb]

On Becker page F3-8 JE # 2

Cash………………………….175

Real Loss………………… 15

Security GHI …………………165 (recorded at FV 12/31/1)

Unreal Loss……………. 25

SIM 1..JE # 7

Cash ………………… 255

Valuaton Account………25

Realized Loss………….15

Security GHI…….. 270 (recorded at Cost)

Unreal Loss………..25

I want to know, why/when record AFS at Cost or FV when we sell AFS security?

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Becker
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[Anonymous]

you need to get the investment off your books, but you also need to get any unrealized holding gains/losses off your books. I don't have the questions on those sims in front of me– maybe you could re-state the question or try to identify what's different in the two scenarios.

[jamesb]

its a comprehensive example. JE # 2 https://i45.tinypic.com/famps6.png

I am comparing this to SIM Task # 1 Under F3..I dont think I can share that to internet because of copyright 🙁

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[Anonymous]

AFS is always recorded at FV, unless FV is not provided in the quesrion

[jamesb]

@Nam….Thats what I thought. But if you look at the SIMS for Becker F3 task 1. they record A-F-S at cost..

Do you have becker software or should I provide more details.

Thanks for helping

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BEC Done

Becker
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[Author]

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