Which of the Following Is Not True About the Accounting

question 93

Multiple Choice

Which of the following is not true about the accounting for trading investments?

• A)They are reported as current assets on the statement of financial position.
• B)Realized gains and losses are reported on the income statement.
• C)They are valued at fair value.
• D)Unrealized gains and losses are reported on the statement of comprehensive income.

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Definitions:

Civil Rights

The rights of citizens to political and social freedom and equality, often associated with movements to end discrimination and ensure equal protection under the law.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations including all the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Holocaust

The systematic, state-sponsored persecution and murder of six million Jews and millions of others by the Nazi regime and its collaborators during World War II.

Genocide

The deliberate killing of a large number of people from a particular nation or ethnic group, with the aim of destroying that nation or group.