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mmgcpa
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Joined: 26 Sep 2008
Location: United States
Online Status: Offline
Posts: 57

Posted: 01 May 2011 at 23:43 \| IP Logged

Is hybrid instrument recorded at fair value?

If you look at Wiley book, Mod.19 MC 21 & 25 p.664-665
(answer p. 674), the answers seem contradictory.

In MC 21, the answer says "the hybrid instrument is not
recorded at fair value.

In MC 25, "If a company elects not to bifurcate a hybrid
financial instrument, the entire instrument is valued at
fair value."

What do you think?

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REG - passed - Becker, Yaeger Cram & Gleim
FAR - 5/2/11 Yaeger
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