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1. Which of the following is not valued on the books at fair market value: a) held-to-maturity debt investments. b) trading debt investments. c) trading

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1. Which of the following is not valued on the books at fair market value: a) held-to-maturity debt investments. b) trading debt investments. c) trading equity investments. d) available-for-sale equity investments, 2. Holding gains and losses should be reflected in the equity section of the balance sheet for which of the following: a) trading equity investments b) available-for-sale equity investments. c) trading debt investments. d) available-for-sale debt investments

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