From time to time,debt and equity securities must be reclassified when conditions and circumstances surrounding the investment change.
Required:
Describe the general accounting procedures for reclassifying securities from one category to another-held to maturity,available for sale,or trading.

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The Answer of From time to time,debt and equity securities must be reclassified when conditions and circumstances surrounding the investment change.
Required:
Describe the general accounting procedures for reclassifying securities from one category to another-held to maturity,available for sale,or trading.

From Time to Time,debt and Equity Securities Must Be Reclassified