Which of the Following Is Not True About the Fair

question 69

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 are true.

---

Definitions:

Free Trade

The exchange of goods and services between countries with minimal regulatory restrictions like tariffs.

Adam Smith

was an 18th-century Scottish economist and philosopher, best known for his influential works on the principles of free market economics.

Economic Endeavors

Activities or efforts directed towards the production, distribution, and consumption of goods and services in an economy.

1970s

The decade from 1970 to 1979, marked by significant political, social, and economic changes worldwide, including the end of the Vietnam War and the energy crisis.