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FASB Statement 115 historical summary

Historical model orientation for held to maturity, trading, and available for sale securities.

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Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
Statement 115 historical summary
Relevant parts
FASB superseded-standard summary
Currency
superseded · checked Aug 8, 2026

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The summary explains the origin of the familiar three-category debt-security model. It cannot be used to carry the former equity-security model into current Topic 321.