4 - Marketable Securities Flashcards
1
Q
Reclassifications
A
Between trading and avail. for sale: - reclassify at FMV - diff. as realized gain/loss on IS - eliminate any related valuation allowance account Between HTM and AFS: - Reclassify at FMV - HTM –> AFS: record in OCI - AFS –> HTM: unrealized holding gain/loss is reported on BS as part of comprehen. income and amortized over remaining life of security
2
Q
Marketable Securities Overview
A
3
Q
A
