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• paragraph describes classification of debt securities into one of three categories: o Trading securities. If a security is acquired with the of it within the security shall be classified as trading. However, at acquisition an entity can classify a security as a trading a security even if it plans to hold for a longer period. hours or o Available-for-sale securities. Investments in debt securities classified as trading securities or as held-to-maturity securities shall be classified as available-for-sale securities. o Held-to-maturity securities. Investments in debt securities shall be classified as held-to- maturity the reporting entity has the and to hold those securities to