09-29-2004, 02:30 AM
hi
I think "reclassification is not required" if you reclassify it will not be in line with the thrust of IAS. selling prematurely- you are correct the residue would pass through p&l, makes no difference if you reclassify, infact you wont reclassify.
but as a matter of int. why did the entity sell HTM prematurely. I mean HTMs are pretty much inelastic and often carry penalities for premature exit.
I think "reclassification is not required" if you reclassify it will not be in line with the thrust of IAS. selling prematurely- you are correct the residue would pass through p&l, makes no difference if you reclassify, infact you wont reclassify.
but as a matter of int. why did the entity sell HTM prematurely. I mean HTMs are pretty much inelastic and often carry penalities for premature exit.
