All of the Following Statements Regarding Equity Securities Are True

Multiple Choice

All of the following statements regarding equity securities are True except:

A) Equity securities should be recorded at cost when acquired.
B) Equity securities are valued at fair value if classified as trading securities.
C) Equity securities are valued at fair value if classified as significant influence securities.
D) Equity securities are valued at fair value if classified as available-for-sale securities.
E) Equity securities classified as available-for-sale record the dividend revenue when received.