367.1240—Account 124, Other investments.
(a)
This account must include the book cost of investments in securities issued or assumed by non-associate companies, investment advances to these companies, and any investments not accounted for elsewhere. This account must also include unrealized holding gains and losses on trading and available-for-sale types of security investments. Include also the offsetting entry to the recording of amortization of discount or premium on interest bearing investments. (See account 419, Interest and dividend income ( § 367.4190 ).)
(b)
The records must be maintained in a manner so as to show the amount of each investment and the investment advances to each person.