The Correct Statement Concerning the Materiality of Securities Is

The correct statement concerning the materiality of securities is:

A) short-term investments may be immaterial to the solvency position but material to the income statement.
B) long-term investments may be immaterial to both the financial position and the income statement.
C) long-term investments may be immaterial to the financial position but material to the income statement.
D) short-term investments may be material to the solvency position but immaterial to the income statement.