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11- If Dinsburry Company decides that an investment previously classified as for negotiate , it...

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Accounting

11- If Dinsburry Company decides that an investment previously classified as for negotiate , it should be properly classified as held to maturity, then you must reclassify it under this new category and a. immediately recognize as part of net income, the effect of any unrealized gains or losses that have not been recognized up to the date of reclassification. b. treat the fair value of the investment on the reclassification date as the new cost base subject to amortization in the future. c. Not recognize any effect in the Statement of Income and Expenses. d. You should not reclassify the investment, as the original classification is irrevocable.

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