Under the provisions of FASB ASC Topic 825 (Financial Instruments),
a. the election of the fair value option for investment securities classified as available-for-sale securities would result in unrealized gains and losses on these securities being included in other comprehensive income.
b. the election of the fair value option for investment securities classified as trading securities would result in unrealized gains and losses on these securities being included in other comprehensive income.
c. the election of the fair value option for investment securities classified as held-to-maturity securities would result in unrealized gains and losses on these securities being included in earnings in the income statement.
d. the election of the fair value option for investment securities currently classified as trading, available-for-sale, or held-to-maturity is not available and can only be applied to new securities that an entity purchases.
C
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The essence of positive synergy can be found in the phrase
A. Front of ship sink-back of ship sink. B. If it doesn't kill you, it makes you stronger. C. The whole is greater than the sum of the parts. D. Two heads are better than one. E. There is no "I" in team.
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A steel maker needs 5,000,000 tons of coal next year. The current market price for coal is $70.00 per ton. At this price, the firm expects its EBIT to be $500 million
What will the firm's EBIT if the firm enters into a supply contract for coal for a fixed price of $72.00 per ton? A) $500 million B) $510 million C) $490 million D) $350 million