bolligerallstar

imcrnhlio1 Wrote:
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> you are both wrong it should be this
>
>
> IFRS: CANNOT reclassify in and out of trading or
> designated at FV.
> IFRS: CAN go in and out of AFS & HTM.
>
> US GAAP: CAN reclassify anything and everything.


You are wrong in relation to US GAAP. Designation at fair value is irrevocable under both methods.

NO EXCUSES