Which of the Following Is Not True About the Fair

Multiple Choice

Which of the following is not true about the fair value option?

A) The fair value option is irrevocable.
B) The fair value option must be elected for all shares of an investment in a particular company.
C) Electing the fair value option for held-to-maturity investments simply reclassifies those investments as trading securities.
D) All of these answer choices are true.