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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If all 2016 revenue reclassifications had occurred on January 1, 2016, GE BPO revenue would have decreased 17% year over year.
Canada : Genpact Reports Results for the First Quarter of 2017
In July of 2013, Lawrence + Memorial Hospital ("Lawrence"), an urban hospital in New London, Connecticut, applied for reclassification as a rural hospital, as well as designation as a Rural Referral Center ("RCC"), which it was granted.
HHS regulation invalid under first prong of Chevron by contradicting unambiguous language of statute - Lawrence + Mem'l Hasp. v. Bunnell
Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No.
Statement of comprehensive income: new reporting and disclosure requirements
Typically, institutional investors are restricted to investing in developed and emerging markets, so the reclassification highlights the entry of a new class of investors into the domestic market.
UNDERSTANDING THE UPGRADE
Gross or net of reclassification adjustments, except for the minimum pension liability adjustment which is always shown net of any reclassification adjustment.
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