A trading security is measured at fair value on the balance sheet date and reported as
A) A current asset,and changes in fair value are reported in earnings as unrealized gains and losses.
B) A current asset,and changes in fair value are reported in earnings as realized gains and losses.
C) Either a current or noncurrent asset depending on whether they meet the definition of a current asset.
D) A current asset,and changes in fair value are reported in accumulated other comprehensive income as unrealized gains and losses.
Correct Answer:
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