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Basic Question 9 of 10

Under U.S. GAAP, the unrealized gain (loss) at the date of transfer is recognized in income for transfers from:

I. available-for-sale to held-to-maturity.
II. held-to-maturity to available-for-sale.
III. available-for-sale to trading.
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User Contributed Comments 3

User Comment
noonah Nothing recognized in net income for any transfers to held-to-maturity.
sjurrens II effects component of equity, not income
czar For l. The difference is amortized
For ll. The unrealized gains/losses go to Comprehensive Income
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Learning Outcome Statements

describe the classification, measurement, and disclosure under International Financial Reporting Standards (IFRS) for 1) investments in financial assets, 2) investments in associates, 3) joint ventures, 4) business combinations, and 5) special purpose and variable interest entities;

distinguish between IFRS and US GAAP in their classification, measurement, and disclosure of investments in financial assets, investments in associates, joint ventures, business combinations, and special purpose and variable interest entities;

analyze how different methods used to account for intercorporate investments affect financial statements and ratios.

CFA® 2025 Level II Curriculum, Volume 2, Module 10.