All of the Following Are True for Available-For-Sale Equity Securities

Multiple Choice

All of the following are true for Available-for-sale equity securities except:

A) Are recorded at cost when acquired.
B) May earn dividends that are reported in that year's income statement.
C) May be classified as either short-term or long-term securities.
D) Are reported at market value on the balance sheet.
E) Are actively managed like Trading Securities.