Are you having trouble answering the question “Transfers between categories”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.
Transfers between categories
a. result in companies omitting recognition of fair value in the year of the transfer.
b. are accounted for at fair value for all transfers.
c. are considered unrealized and unrecognized if transferred out of held-to-maturity into trading.
d. will always result in an impact on net income.
Answer: are accounted for at fair value for all transfers
We hope you have got the correct answer to your question “Transfers between categories”, which was part of Accounting MCQs & Answers. Thanks for choosing us.