Multiple Choice
Which of the following statements is correct?
A) Any unrealized holding gain or loss on investments in trading securities is reported on the income statement.
B) Any unrealized holding gain or loss on investments in available-for-sale securities is reported on the income statement.
C) All unrealized gains and losses are reported on the income statement regardless of the method used to account for the investment.
D) Any unrealized holding gain or loss on investments in trading securities or in available-for-sale securities is reported on the income statement.
Correct Answer:
Verified
Correct Answer:
Verified
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