Describe how an impairment of a security is accounted for.
Determine how close to maturity Cascade could sell an investment and still classify it as held-to-maturity.
To avoid volatility in their financial statements due to fair value adjustments, Cascade debated whether the bond investment could be classified as held-to-maturity; Cascade is pretty sure it will hold the bonds for five years.
List disclosures that must be made for any sale or transfer from securities classified as held-to-maturity.