Reference the relevant topic, subtopic, section and paragraph(s). You should reference the codification by using FASB ASC XXX-XX-XX-XX. Your grade will primarily focus on whether you are identifying the proper topics, subtopics, sections and paragraphs in the codification.

1. The client has purchased numerous debt securities. They are unsure how to classify each security on their balance sheet and how to account for these transactions. Determine the reference(s) from the codification system that explain(s) the GAAP guidance on this topic.

I am looking at FASB ASC 470-10-45...but I'm not sure. The prompt seems kind of vague.