Temporary Investments (CD, T-bills, commercial paper)
- Have a ready market value.
- Intent to convert to cash within one year or the operating cycle, whichever is longer.
- Supported by subsequent events.
Temporary investments in Debt Securities.
- Recorded at cost plus accrued interest
- Discount or premium not separately recorded.
Bonds Rec (cost not par) XX
Int Rev (or Rec) XX