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Which of the statements about afs securities is true

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Reference no: EM132985615

Problem 1: Which of the following statements about AFS securities is true?

Option 1: AFS securities are reported at cost with any unrealized holding gains/losses going through net income.

Option 2: AFS securities are reported at fair value with unrealized gains and losses going directly through equity.

Option 3: AFS securities are reported at fair value with unrealized gains and losses going through net income.

Option 4: AFS securities are reported at cost with any unrealized holding gains/losses being disclosed in the footnotes.

Reference no: EM132985615

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