All investments in debt and equity securities that don't fit the definitions of the other reporting categories are classified as:

Question

Quizplus · Accepted Answer

Securities that do not fit the definitions of trading securities or held-to-maturity securities are classified as securities available for sale. This category includes investments that management intends to hold for an indefinite period of time, but that may be sold if necessary or if market conditions change.

All Investments in Debt and Equity Securities That Don't Fit