N.Y. Comp. Codes R. & Regs. tit. 10 § 442.15

Current through Register Vol. 46, No. 53, December 31, 2024

Section 442.15 - Long-term security investments

[ 1350 ] Long-term security investments are to be valued at hospital cost if purchased or, if acquired by donation, at the fair market value at the date of the gift. If there is evidence of a permanent decline in value, an appropriate reduction in carrying value must be made by charging the necessary expense account(s). The market value of long-term security investments at year-end must be disclosed.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 442.15