The difference between the purchase price and the repurchase price, or sale price, plus accrued interest on the security represents:
is the price in a hypothetical transaction at the measurement date in the market in which the reporting entity would transact for the asset or liability
is the price in a hypothetical transaction at the measurement date in the market in which the reporting entity would transact for the asset or liability
What is made on an instrument-by-instrument basis, generally when an instrument is initially recognized in the financial statements?
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