Investments can be classified as all but which of the following?

Question 9 options:

Intangible investments.

Held-to-maturity debt securities.

Available-for-sale debt securities.

Available-for-sale equity securities.

Trading securities.

All of the following statements regarding accounting for trading securities under U.S. GAAP are true except:

Question 12 options:

	The entire portfolio of trading securities is reported at is fair value.
	An unrealized gain or loss from a change in fair value is reported on the income statement.
	An unrealized gain or loss is recorded with an adjusting entry when the securities are sold.
	An unrealized gain or loss is recorded with an adjusting entry at the end of each period.
	Unrealized gains and losses are recorded in a temporary account that is closed to Income Summary at the end of the period.