CA17-4 (Equity Securities) The Financial Accounting Standards Board issued accounting guidance to clarify accounting methods and procedures with…

CA17-4 (Equity Securities) The Financial Accounting Standards Board issued accounting guidance to clarify accounting methods and procedures with respect to certain debt and all equity securities. An important part of the statement concerns the distinction between held-to-maturity, available-for-sale, and trading securities.Instruction(a) Why does a company maintain an investment portfolio of held-to-maturity, available-for-sale, and trading securities?