Which of the Following Disclosures Is Not Required for Investments

question 55

Multiple Choice

Which of the following disclosures is not required for investments in securities by current GAAP?

• A)the proceeds from sales and the gross realized gains and losses from the sale of available-for-sale securities
• B)the circumstances leading to the decision to sell or transfer a trading security
• C)the contractual maturities of held-to-maturity debt securities
• D)the aggregate fair value of available-for-sale securities by major security type

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Definitions:

Explicit Memory

A type of long-term memory involving the conscious recollection of factual information, previous experiences, and concepts.

Recognition

The cognitive process of identifying a familiar object, concept, or piece of information from previous encounters or knowledge.

Recall

The ability to retrieve and reproduce information from memory that was previously learned or experienced.

Cerebellum

A part of the brain located at the back of the skull that is responsible for coordinating voluntary movements and maintaining balance and posture.