Scroll down to complete all parts of this task. Select from the option list prov

Question

Scroll down to complete all parts of this task. Select from the option list provided the correct accounting treatment of gains and losses when the investment securities are reclassified. Each choice may be used once, more than once, or not at all.

Treatement a. already recognized, not reversed, b. (recognized if not already), c. unrealized gain (loss) recognized in OCI, d. amounts in OCI not reversed

From To Treatment?

1. Trading Available-for-Sale

2. Trading Held-to-Maturity

3. Available-for-Sale Trading

4. Available-for-Sale Held-to-Maturity

5. Held-to-Maturity Trading

6. Held-to-Maturity Available-for-Sale

Explanation / Answer

From To Treatment?

1. Trading Available-for-Sale a. Already recognized not reversed

2. Trading Held-to-Maturity   a. Already recognized not reversed

3. Available-for-Sale Trading b. (recognized if not already)

4. Available-for-Sale Held-to-Maturity c. unrealized gain (loss) recognized in OCI,

5. Held-to-Maturity Trading b. (recognized if not already)

6. Held-to-Maturity Available-for-Sale c. unrealized gain (loss) recognized in OCI,

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