Which statements with regard to marketable securities

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Problem 1: Which one of the following statements with regard to marketable securities is incorrect?

A. In the portfolio of marketable equity securities, unrealized gains and losses are recorded on the income statement.

B. In the available-for-sale portfolio of marketable debt securities, unrealized gains are recorded on the income statement.

C. The held-to-maturity portfolio consists only of debt securities.

D. Debt securities may be transferred from the held-to-maturity to the available-for-sale portfolio.

Reference no: EM132740913

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