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Which of the following statements regarding available-for-sale debt securities is true? a. Fair value adjustments are treated as adjustments to net income. b. Fair value adjustments are treated as

Which of the following statements regarding available-for-sale debt securities is true?

a. Fair value adjustments are treated as adjustments to net income.

b. Fair value adjustments are treated as adjustments to other comprehensive income.

c. Available-for-sale securities are valued on the balance sheet at historical cost.

d. Interest revenue and fair value adjustments are netted to determine the effect on net income.

Jun 14 2021 View more View Less

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