Under U.S. GAAP investments are classified into three categories based upon management's intent, IFRS divides investments into three classifications as well but they based on the business model for managing financial assets and the characteristic of the cash flows of the financial asset.

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The Answer of Under U.S. GAAP investments are classified into three categories based upon management's intent, IFRS divides investments into three classifications as well but they based on the business model for managing financial assets and the characteristic of the cash flows of the financial asset.

Under US GAAP Investments Are Classified into Three Categories Based Upon