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:

Role Ambiguity

Uncertainty or lack of clarity about expectations, responsibilities, and objectives associated with one's role within an organization or group.

Major Sources

The primary origins or suppliers of information, goods, or energy.

Coping Mechanisms

Strategies or behaviors employed by individuals to manage stress, problems, or difficult emotions.

Eliminating Stress

The process of reducing or removing factors that cause mental, emotional, or physical strain.