Which of the Following Is True Regarding the Reporting of Investments

question 106

Multiple Choice

Which of the following is true regarding the reporting of investments by state and local governmental units?

• A) Investments, for which a determinable fair value can be obtained, are to be reported at fair value.
• B) Realized and unrealized gains and losses are to be combined in the relevant operating statement for example, the Statement of Changes in Fiduciary Net Position).
• C) Both of the above.
• D) Neither of the above.

---

Definitions:

Genuine Acceptance

Sincere acknowledgment and embrace of an individual's feelings, thoughts, and presence without judgment.

Self-instruction Training

A cognitive-behavioral technique involving teaching individuals to direct their own behavior through self-generated verbal cues or instructions.

Relaxation Training

A therapeutic technique involving exercises designed to reduce stress and anxiety by promoting physical relaxation of the body and calmness of the mind.

Objects Relations Therapy

A psychoanalytic therapeutic approach focusing on how early childhood attachments and experiences shape current interpersonal relationships.