You are an auditor of Harry Corporation and have been assigned the investments account. The other day you were enquiring about an account fluctuation when the client contact made an off-hand comment to you. They mentioned it was "kind of odd" that the company accounted for debt securities as held to maturity (HTM) when it seemed like the company always sold its debt investments before reaching the maturity date. Describe how management misrepresenting its intent in this way misstates the financial statements. Be sure to address both the balance sheet and income statement implications. Edit View Insert Format Tools Table 12pt Paragraph O words