Realized Gains or Losses on Available-For-Sale Investments Represent the Difference

question 4

Multiple Choice

Realized gains or losses on available-for-sale investments represent the difference between:

• A)the historical cost and the average market value of the investment.
• B)the historical cost and the current market value of the investment.
• C)the cash received at time of disposal and the fair value of the investment.
• D)the cash received at time of disposal and the carrying amount of the investment.