Altima Corporation Actively Manages a Portfolio of Publicly Traded Stock

Altima Corporation actively manages a portfolio of publicly traded stock funded with excess cash. The purpose of the portfolio is to generate gains on sales and the portfolio is reported at fair value. This method of accounting is consistent with the qualitative characteristic of ________ from the conceptual framework.

A) relevance
B) faithful representation
C) both faithful representation and relevance
D) neither representation nor relevance