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Which are true regarding reporting trading securities

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Reference no: EM132601084

Question 1: Which of the following is/are true regarding reporting trading securities at fair value on the balance sheet?

A. Active securities markets provide objective measures of fair values for trading securities.

B. Fair values provide financial statement users with the most relevant information for assessing the success of a firm's trading activities over time

C. U.S. GAAP and IFRS require firms to report trading securities at fair value on the balance sheet.

D. All of the above

E. None of the above

Reference no: EM132601084

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