Which of the following is true regarding the provisions of IAS 39?
A) IAS 39 does not require unrealized gains and losses on trading securities to be recognized as part of net income.
B) IAS 39 requires gains and losses on available for sale securities to be recognized as part of net income.
C) IAS 39 allows companies to choose between recognizing gains and losses on available-for-sale securities as part of net income or as part of stockholders' equity.
D) IAS 39 allows companies to choose between recognizing gains and losses on trading securities as part of net income or as part of stockholders' equity.
Correct Answer:
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