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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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What are the three categories of investments in debt securities? Describe the criteria used to classify the investments into these three categories.

To determine

Explain the three categories of investment in debt securities and describe the criteria used to classify the three categories.

Explanation

Investment: It refers to the process of using the currently held excess cash to earn profitable returns in future. The investments can be made in equity securities such as shares or debt securities such as bonds.

Three categories of investment in debt securities are as follows:

  • Trading securities
  • Held-to-maturity securities
  • Available-for-sale securities

Criteria:

Tradi...

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