CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

One feature common to both the trading and available for sale classifications is:
A. Investments are reported at market value.
B. Unrealized gains (losses) are reported in current income.
C. Unrealized gains (losses) are reported in other comprehensive income.
Explanation: All investment securities for which a public market exists are reported at market value on the balance sheet. This applies to both available-for-sale and trading classifications.

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