What if a debt security investment is reclassified, Accounting Basics

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What if a debt security investment is reclassified

Question: If a debt security investment is reclassified from available-for-sale to held-to-maturity, the company would: Keep the investment at its original cost with no impact on stockholders' equity until maturity. Reclassification into held-to-maturity isn't allowed. Amortize any recorded unrealized holding gains or losses over the remaining life of the debt security. Remove any recorded unrealized holding gains or losses as an immediate adjustment to Net Income.

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Accounting Basics: What if a debt security investment is reclassified

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