All of the Following Statements Regarding Stock Investments with Insignificant

Multiple Choice

All of the following statements regarding stock investments with insignificant influence are true except for:

A) They are recorded at cost when acquired.
B) They are valued at fair value.
C) They report realized gain (or loss) in a permanent asset account,Fair Value Adjustment-Stock.
D) They report any unrealized gain (or loss) in the income statement.
E) They are adjusted to fair value at the end of each period.