Assume a company does not elect the fair value option for reporting financial assets. Realized gains from the sale of marketable
debt securities should be included in net income of the period of sale when the marketable debt securities portfolio of which they are a part is classified as a. Available-for-sale
b. Abailable-for-sale or Held-to-maturity
c. Held-to-maturity
d. Neither
The marketable debt securities portfolio of which they are a part is classified as Held to maturity.
Option: C
Explanation:
Debt securities (bonds) classified as held-to-maturity are reported at premium cost or cost benefit policy. Debt securities classified as available-for-sale or held to maturity are reported at fair value.Investments in market where sellers are not intended to sell the thing in the near term should be categorized as available-for-sale.
Unauthenticated gains and losses on available-for-sale securities should be reported as a different component of aggregate income. In international trade cost benefit hypothesis and sale security option more works.
In 1773, Parliament passed a law that allowed the British East India Tea Company to sell tea in the colonies at a very low price. Stamp Act Congress was the name of the meeting in 1765 when colonists met in New York where representatives sent a formal note to the English government in protest of one of the acts.
I think the correct answers are Ectoprocta and Brachiopoda. These are the two phylas that contains a characteristic alimentary canals which are in U-shape. Also, they have crowns with ciliated tentacles. Hope this answers the question.
