In 2018 under the rules for minority passive investments in equity securities, which of the following statements is not correct?
A. Cash flows from the purchase and sale of equity securities will be classified based on the nature and purpose of the investment.
B. There will no longer be a distinction between trading securities and available-for-sale securities for minority passive equity investments.
C. An exception will be for investments where fair value is not readily determinable.
D. The income statement and balance sheet treatment will be the same as the current accounting for available-for-sale securities.
Answer: D
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