Identify as held-to-maturity-trading or available-for-sale

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Reference no: EM131255173

Camp Co. purchased various securities during 20X4 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities.

The following items describe various securities purchased by Camp. For each item, identify as held-to-maturity, trading, or available-for-sale.

Item	Category
Debt securities bought and held for the purpose of selling in the near term.
U.S. Treasury bonds that Camp has both the positive intent and the ability to hold to maturity.
$3 million debt security bought and held for the purpose of selling in three years to finance payment of Camp's $2 million long-term note payable when it matures.
Convertible preferred stock that Camp does not intend to sell in the near term.

Reference no: EM131255173

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