1. What is a "held-to-maturity" security?
2. How are held-to-maturity securities reported in the financial statements?
3. What is a "trading" security?
4. How are trading securities reported in the financial statements?
5. How are unrealized gains and losses on trading securities reported in the financial statements?
6. What are "available-for-sale" securities?
7. How are available-for-sale securities reported in the financial statements?
8. How are the unrealized gains and losses on available for sale securities reported in the financial statements?
9. How are transfers between categories accounted for?
10. What is the appropriate classification of held-to-maturity, available-for-sale and trading securities on the balance sheet?
11. Discuss how a permanent impairment of a security below its amortized cost will be accounted for.

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