Unrealized Holding Gains and Losses on Debt Securities Affect Net

question 60

Multiple Choice

Unrealized holding gains and losses on debt securities affect net income when the securities are classified as $\begin{array}{llll}& \text { Trading}& \text { Available-for-Sale}& \text { Held-to-Maturity}\\\text { I. } & \text { Yes } & \text { No } & \text { No } \\\text { II. } & \text { Yes } & \text { Yes } & \text { No } \\\text { III. } & \text { No } & \text { Yes } & \text { Yes } \\\text { IV } & \text { No } & \text { No } & \text { Yes }\end{array}$

• A)I
• B)II
• C)III
• D)IV

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Definitions:

Carbocation

A positively charged carbon species, characterized by a carbon atom having only six electrons in its outer shell, making it highly reactive.

Free Radical

A molecule or atom containing an unpaired electron, typically highly reactive and capable of causing a wide range of chemical reactions.

Organic Product

A compound containing carbon atoms that is typically the result of organic reactions.

N-Butyllithium

A strong base and organolithium reagent used in the deprotonation of molecules and in the synthesis of organic compounds.