Transfer between categories of debt securities is accounted for at transfer date fair value. The following describes the treatment of unrealized holding gains and losses at that date: From To […]
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Debt Securities
A debt security represents a creditor relationship with the issuer In addition to the common forms of debt, this category includes: Mandatorily redeemable preferred stock Preferred stock redeemable at the investor’s option Collateralized mortgage obligations Classification Debt securities are classified at acquisition into one of the three categories. The classification is reassessed at each reporting […]
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