Problem
1. Is the "available-for-sale" category for debt and equity securities used in SFAS No. 115 a homogeneous category?
2. Based on your reading of this chapter, plus your general knowledge of accounting standards, identify as many examples as you can of measurement flexibility in the statement of financial position.
3. Which accounts on the balance sheet are moving toward current or fair value?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.