How are investments in debt and equity securities valued in a private NFP organizations financial statements?

A. Shown at cost; gains and losses appear on the statement of activities when the investment is sold.

B. Shown at market; unrealized gains and losses are reported on the statement of financial position and reclassified to the statement of activities when the investment is sold.

C. Shown at market; unrealized gains and losses are reported on the statement of activities as market value changes.

D. Shown at cost; gains and losses are reported on the statement of financial position as direct adjustments of net assets without donor restrictions when the investment is sold.