Bonds that are purchased with the intent of selling them in the near future to take advantage of short$-$term price changes are classified as:

A$.$ Securities available$-$for$-$sale.

B$.$ Consolidating securities$.$

C$.$ Held$-$to$-$maturity securities$.$

D$.$ Trading securities$.$

Malinois Company purchased Bouvier Company's common stock as an investment. Malinois does not have significant influence over Bouvier, but plans to hold the stock for some time. Malinois should classify this investment

A$.$ A trading security.

B$.$ A held$-$to$-$maturity security

C$.$ An available$-$for$-$sale security

D$.$ An intangible security.

Refer to the investment described in question $16.$ Gains or losses resulting from changes in the investment's fair value should be:

A$.$ Reported on the income statement.

B$.$ Reported as Other Comprehensive Income in stockholders' equity.

C$.$ Not reported.

D$.$ Both A and B$.$