An entity should report the marketable equity securities that it has classified as trading at:

Question

A. Lower of cost or market, with holding gains and losses included in earnings.

B. Lower of cost or market, with holding gains included in earnings only to the extent of previously recognized holding losses.

C. Fair value, with holding gains included in earnings only to the extent of previously recognized holding losses.

D. Fair value, with holding gains and losses included in earnings.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN · Answer

Answer option D >>>>>>>>>>>>>>> Fair value, with holding gains and losses included in earnings

Ahmed kandil · Answer

Correct amswer is D

thank you

Sheraz Ahmad · Answer

Fair value, with holding gains and losses included in earnings