________ accounting is mandatory for fixed- income securities.

________ accounting is mandatory for fixed- income securities.
A . Accrual
B . Cash
C . Flexible
D . Equal
E . Risk- free
F . Total

View Answer

Answer: A

Explanation:

Accrual accounting must be used for fixed- income securities and all other securities that accrue income. Accrued income must be included in the market value calculation of the denominator and numerator.