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    Accounting For Transfers Between Security Classes: Transfer

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    Deepika Padukone
    Transfers between different classes of securities - held-to-maturity, available-for-sale, and trading - can affect the balance sheet and income statement. If securities are transferred from held-to-maturity to available-for-sale, the asset is reported at fair value on the balance sheet. For any transfer to or from available-for-sale, unrealized gains or losses are recorded in comprehensive or net income on the transfer date.

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    Accounting For Transfers Between Security Classes: Transfer

    Uploaded by

    Deepika Padukone
    39 views1 page
    Transfers between different classes of securities - held-to-maturity, available-for-sale, and trading - can affect the balance sheet and income statement. If securities are transferred from held-to-maturity to available-for-sale, the asset is reported at fair value on the balance sheet. For any transfer to or from available-for-sale, unrealized gains or losses are recorded in comprehensive or net income on the transfer date.

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    Transfers between different classes of securities - held-to-maturity, available-for-sale, and trading - can affect the balance sheet and income statement. If securities are transferred from held-to-maturity to available-for-sale, the asset is reported at fair value on the balance sheet. For any transfer to or from available-for-sale, unrealized gains or losses are recorded in comprehensive or net income on the transfer date.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    39 views1 page

    Accounting For Transfers Between Security Classes: Transfer

    Uploaded by

    Deepika Padukone
    Transfers between different classes of securities - held-to-maturity, available-for-sale, and trading - can affect the balance sheet and income statement. If securities are transferred from held-to-maturity to available-for-sale, the asset is reported at fair value on the balance sheet. For any transfer to or from available-for-sale, unrealized gains or losses are recorded in comprehensive or net income on the transfer date.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
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    Accounting for Transfers Between Security Classes

    Transfer Effect on Asset value in Effect on income


    From To Balance sheet statement
    Held-to-maturity Available-for-sale Asset reported at fair value Unrealized gain or loss on date
    instead of (amortized ) cost of transfer included in
    comprehensive income
    Trading Available-for-sale No effect Unrealized gain or loss on date
    of transfer included in Net
    income
    Available-for-sale Trading No Effect Unrealized gain or loss on date
    of transfer included in Net
    income.
    Available-for-sale Held-to-Maturity No effect at transfer: however Unrealized gain or loss on date
    asset reported at amortized of transfer included in
    cost instead of fair value at comprehensive income
    future dates.

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