09-29-2004, 06:06 PM
Yes, I agree Good man.....partly though..
Batches/Loads of HTMS
If more than an insignificant portion of held to maturity investments are sold, then the company MUST RECLASSIFY.
Single Batch of HTM
The company is prohibited then from classifying any of its investments as held to maturity for next two consecutive years.(in both the cases)<font face='Book Antiqua'></font id='Book Antiqua'><font size=5></font id=size5><font color=teal></font id=teal><font color=navy></font id=navy>
Idrees
Batches/Loads of HTMS
If more than an insignificant portion of held to maturity investments are sold, then the company MUST RECLASSIFY.
Single Batch of HTM
The company is prohibited then from classifying any of its investments as held to maturity for next two consecutive years.(in both the cases)<font face='Book Antiqua'></font id='Book Antiqua'><font size=5></font id=size5><font color=teal></font id=teal><font color=navy></font id=navy>
Idrees