A net unrealized decrease in the value of available-for-sale securities (considered as a whole) should be reflected in the current financial statements as
A) An extraordinary item on the income statement which reduces retained earnings
B) A current liability resulting from holding securities
C) Only a disclosure in the footnotes to the financial statements
D) A valuation allowance which is included in the equity section of the balance sheet
Correct Answer:
Verified
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A)
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