Where are changes in fair value for trading debt securities reported? OA. as a component of accumulated other comprehensive income on the balance sheet B. as a prior period adjustment to retained earnings on the balance sheet C. as income or loss from peripheral activities on the income statement D. as operating income or loss on the income statement

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Where are changes in fair value for trading debt securities reported?
O A. as a component of accumulated other comprehensive income on the balance sheet
OB. as a prior period adjustment to retained earnings on the balance sheet
OC. as income or loss from peripheral activities on the income statement
OD. as operating income or loss on the income statement
Transcribed Image Text:K Where are changes in fair value for trading debt securities reported? O A. as a component of accumulated other comprehensive income on the balance sheet OB. as a prior period adjustment to retained earnings on the balance sheet OC. as income or loss from peripheral activities on the income statement OD. as operating income or loss on the income statement
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