A marketable security is initially classified as a trading security, an available - for - sale security,
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A marketable security is initially classified as a trading security, an availableforsale security, or a heldtomaturity debt security. Subsequently, a security can be transferred among categories
Explain the accounting for a related unrealized holding gain or loss when a transfer to another category occurs.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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