Which of the Following Regarding Available-For-Sale Securities Is Correct

question 35

Multiple Choice

Which of the following regarding available-for-sale securities is correct?

• A)Available-for-sale securities are reported at cost on the balance sheet date, and unrealized holding gains and losses are included in income of the current period.
• B)Available-for-sale securities are reported at fair value on the balance sheet date, and unrealized holding gains and losses are included in income of the current period.
• C)Available-for-sale securities are reported at fair value on the balance sheet date, but unrealized holding gains and losses are not included in income of the current period.
• D)Available-for-sale securities are reported at cost on the balance sheet date, but unrealized holding gains and losses are not included in income of the current period.

---

Definitions:

Solicitation

The act of requesting or trying to obtain something, often used in legal contexts to refer to efforts to procure goods, services, or funds.

Proxy

An authorization allowing one person to act on behalf of another in voting matters or other decision-making processes.

Antibribery Provision

Regulations within laws designed to prevent bribery and corruption by imposing legal penalties for those practices.

Foreign Corrupt Practices Act

A U.S. law that prohibits companies and their individuals from bribing foreign officials to gain a business advantage.