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3. Which statement is true regarding the unrealized gain (or loss) on available-for-sale securities? Select one: a. It is reported on the income statement as
3. Which statement is true regarding the unrealized gain (or loss) on available-for-sale securities?
Select one:
a. It is reported on the income statement as part of operating income.
b. It results from the sale of available-for-sale securities.
c. It is considered to be part of other comprehensive income.
d. It is accounted for the same as unrealized gain or loss from trading securities.
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