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Albert University, a private, not-for-profit university, has donor-restricted permanent endowment funds which include investments in equity securities. These equity securities all have readily determinable fair values because they are all traded on national security exchanges. Most of the equity investments represent between 1% and 3% of the common stock of the investee companies; however, a few of Albert’s investments permit the university significant influence over the operating and financing policies of the investee companies. How should Albert report these equity securities on its statement of financial position?
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