Acquisition of an available-for-sale security

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Reference no: EM131148984

After electing the fair value option for the acquisition of an available-for-sale security, a change in the fair value of the security will be reported:

a. as a component of net income.

b. as a component of other comprehensive income.

c. both as a component of net income and as a component of other comprehensive income.

d. neither as a component of net income nor as a component of other comprehensive income.

Reference no: EM131148984

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