WEYS » Topics » 3. FAIR VALUE OF FINANCIAL INSTRUMENTS

This excerpt taken from the WEYS 10-K filed Mar 15, 2007.

3.  FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying amounts of all short-term financial instruments, except marketable securities, approximate fair value due to the short-term nature of those instruments.  Marketable securities are carried at amortized cost. The fair value of marketable securities is estimated based upon quoted market rates.  See Note 4.  The carrying amount of short-term borrowings approximates fair value as it bears interest at current market rates. 

This excerpt taken from the WEYS 10-K filed Mar 13, 2006.

3.  FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying amounts of all short-term financial instruments, except marketable securities, approximate fair value due to the short-term nature of those instruments.  Marketable securities are carried at amortized cost. The fair value of marketable securities is estimated based upon quoted market rates.  See Note 4.  The carrying amount of short-term borrowings approximates fair value as it bears interest at current market rates. 

EXCERPTS ON THIS PAGE:

10-K
Mar 15, 2007
10-K
Mar 13, 2006
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