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FASB ASC 320 requires companies to assign their portfolio of investment securities into: Trading securities. Securities available for sale. Held-to-maturity securities. . Discuss how companies

FASB ASC 320 requires companies to assign their portfolio of investment securities into:

Trading securities. Securities available for sale. Held-to-maturity securities.

. Discuss how companies are required to assign each category of securities into its current and noncurrent portions. Discuss the arguments for each position.

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