U.S.GAAP and IFRS require firms to account for debt securities designated as held to maturity by not recognizing _____ but might recognize _____.
A) increases in fair value (unrealized gains) ; decreases in fair value (unrealized losses)
B) decreases in fair value (unrealized losses) ; increases in fair value (unrealized gains)
C) increases in future value (unrealized gains) ; decreases in future value (unrealized losses)
D) decreases in future value (unrealized losses) ; increases in future value (unrealized gains)
E) increases in future value (realized gains) ; decreases in future value (realized losses)
Correct Answer:
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