What are the three categories of investment securities and how is each category accounted for and reported? Be specific as to how items are reflected in the balance sheet and the income statement. Do you believe this categorization is useful to the user of the financials and explain why or why not.

Answer rating: 100% (QA)

The three categories of investment securities are 1 Trading Securities These are securities bought and held primarily for sale in the near term to gen... View the full answer