Auction-rate securities raise financial-reporting questions

09/15/2008 | CFO.com

A year ago, auction-rate securities were recorded as cash equivalents on companies' balance sheets. The freezing of the auction-rate securities market, however, has significantly changed the way the securities are accounted for. The issues in the market also coincided with a new rule that defines how to correctly make fair-value measurements. CFO.com takes a look at how five companies are handling the reporting of the illiquid securities.

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