Which of the Following Is Not True Regarding Investments in Securities

Which of the following is not true regarding investments in securities available-for-sale?

A) Firms initially record investments in securities available-for-sale at acquisition cost, including transaction costs.
B) If a firm classifies debt securities as available-for-sale, it must amortize any difference between the purchase price and the maturity value of the debt over the remaining term to maturity.
C) The amortization of any difference between the purchase price and the maturity value of the debt makes interest revenue on these debt securities differ from the cash receipts for debt service payments.
D) On the date of each balance sheet, firms measure securities classified as available-for-sale at fair value.
E) The difference between amortized cost for debt securities or the carrying value for equity securities and the fair value of these securities is a realized holding gain or loss.