Which of the Following Is Not True About the Fair

question 124

Multiple Choice

Which of the following is not true about the fair value option?

• A) The fair value option is irrevocable.
• B) The fair value option must be elected for all shares of an investment in a particular company.
• C) Electing the fair value option for held-to-maturity investments simply reclassifies those investments as trading securities.
• D) All of these answer choices are true.

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Definitions:

Disclose information

The act of revealing or making certain facts known, typically to facilitate transparency or build trust in negotiations or transactions.

Interests

The desires, concerns, needs, or goals that individuals or groups aim to achieve or satisfy in various contexts, such as negotiations or conflicts.

Gathering information

The process of collecting data or insights to inform decisions, solve problems, or understand situations more fully.

Negotiation objectives

The specific goals or outcomes that a party aims to achieve through the negotiation process.