- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 10. Intercorporate Investments
- Subject 2. Investments in Financial Assets
CFA Practice Question
XYZ Co. has marketable securities classified as trading securities according to SFAS No. 115. These are recorded as:
B. Assets reported at fair value and unrealized gains & losses reported in shareholders' equity.
C. Assets reported at fair value and unrealized gains & losses reported as extraordinary items.
A. Assets reported at fair value and unrealized gains & losses included in earnings.
B. Assets reported at fair value and unrealized gains & losses reported in shareholders' equity.
C. Assets reported at fair value and unrealized gains & losses reported as extraordinary items.
Correct Answer: A
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