The Primary Difference in Accounting for Available-For-Sale Securities and Accounting

question 32

Multiple Choice

The primary difference in accounting for available-for-sale securities and accounting for trading securities is:

• A)Measuring the fair value of the long-term and short-term stock portfolios.
• B)Computing the cost at acquisition.
• C)Determining where the unrealized holding gain or loss on investments is reported in the financial statements; in current net income or in comprehensive income.
• D)Accounting for dividends received.

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Definitions:

Sensory-acute

Having heightened or very sensitive sensory perceptions, such as sight, hearing, smell, taste, and touch.

Primary Aging

The natural and inevitable process of physical decline that occurs with advancing age, regardless of health habits or environmental factors.

Geriatric

Pertaining to the health, care, and diseases of elderly people, often focusing on medical management and quality of life.

Fully Recover

The process of returning to a state of health, wellness, or normal functioning after an illness, injury, or medical treatment.