Reclassification

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Reclassification

In mutual funds, the act or process of changing one type of fund into another type. For example, one may reclassify a front-load fund to a back-load fund or vice versa. One of the most common types of reclassification occurs when a load fund, after a certain number of years, becomes a no-load fund. This happens because the load generally only exists for a certain number of years. The IRS does not consider reclassification to be a taxable event, even if it results in more income or capital gains.
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Reference significant partial reclassifications to respective footnote for additional information.
The immediate expected benefit of reclassification will result from an anticipated increase in portfolio flows with the entry of foreign institutional investors and passive or index-tracking investors that will have to rebalance their portfolios to include Qatar and the UAE.
Ernst & Young Bahrain will hold further detailed IFRS update seminars, including a training seminar on financial instrument reclassification and other amendments to IFRS early next month.
The reclassification of an asset depreciated under MACRS might not follow the original intent of Regs.
This exhibit uses the net of tax and reclassifications method.
Stakeholders raised concerns that certain requirements about the reclassification of items out of accumulated other comprehensive income would be costly for preparers and add unnecessary complexity to financial statements," said FASB Chairman Leslie F.
the reclassification of product line sales within Medical Supplies; and
All of these adjustments and reclassifications are highly technical in nature and nearly all of them are not the result of the discovery of new facts or information, but merely a change in the accounting guidance we had previously received.
We teamed up with ADP/SIS to give another group of customers easier and more cost-effective access to our year-end tax reclassification information.
The aggregate after-tax effect of these loan reclassifications and related financial statement adjustments on previously reported unaudited earnings for 2002 was $9.
Traffic has made certain reclassifications between Revenues