A marketable security is initially classified as a trading security, an available-for-sale security, or a held-to-maturity debt security.Subsequently, a security can be transferred among categories.
Required:
Explain the accounting for a related unrealized holding gain or loss when a transfer to another category occurs.

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The Answer of A marketable security is initially classified as a trading security, an available-for-sale security, or a held-to-maturity debt security.Subsequently, a security can be transferred among categories.
Required:
Explain the accounting for a related unrealized holding gain or loss when a transfer to another category occurs.

A Marketable Security Is Initially Classified as a Trading Security