Flashcards in Investments Deck (7):
At Fair value as either Current or Non-current assets.
Included in OCI (Other Comprehensive Income)
HTM - Stockholder's Equity
/ Trading Securities - Current Period.
Amortized cost as Current or Non-current assets.
If reclassified as AFS - Unrealized G/L go to Stockholder's Equity
If reclassified as Trading Securities - Unrealized G/L recognized in Current Period
Trick question - Unrealized gains or losses are not applicable because they are HTM
At Fair Value as a Current Asset
Unrealized gains/losses are recorded on the Income Statement
If they are reclassified as held-to-maturity or available-for-sale- there is no effect upon transfer.