Misrepresentation of the Class of Investment of Equity Securities, as Held-To-Maturity

Misrepresentation of the class of investment of equity securities, as held-to-maturity versus available-for-sale :

A) makes no difference because all marketable equity securities are marked to market.
B) would be readily detected by standard analytical procedures applicable to investments in equity securities.
C) would not materially effect presentation and disclosure assertions for investments.
D) is an important consideration in designing substantive tests of balances of investments in equity securities.
E) allows management to defer or accelerate the recognition of unrealized gains and losses in income.